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A comment on Stock buybacks are dangerous for the economy. Parent comment

Re:Stock buybacks are dangerous for the economy by AznHisoka on Tuesday March 17, 2020 @01:41PM (#22607677)
But don't buybacks usually mean they bought back the shares and eliminated them? It no longer exists. It's not sitting in any account.
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Re:Stock buybacks are dangerous for the economy by airstrike on Tuesday March 17, 2020 @01:56PM (#22607892)
Stock that is bought back is called "Treasury stock", and it can either be retired or held for resale in the market

https://www.investopedia.com/terms/t/treasurystock.asp

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Re:Stock buybacks are dangerous for the economy by tathougies on Tuesday March 17, 2020 @01:57PM (#22607903)
The board of directors of any joint stock company can create new shares out of thin air by majority vote.
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Re:Stock buybacks are dangerous for the economy by jbverschoor on Tuesday March 17, 2020 @01:57PM (#22607900)
They can issue new shares if they want.

Also, how come they’re in trouble if everybody paid for their tickets, and they’re not flying?

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Re:Stock buybacks are dangerous for the economy by jandrese on Tuesday March 17, 2020 @02:15PM (#22608160)
Airlines have been issuing refunds. Also, new bookings have fallen off of a cliff.
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Re:Stock buybacks are dangerous for the economy by jbverschoor on Tuesday March 17, 2020 @02:18PM (#22608206)
Interesting
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Re:Stock buybacks are dangerous for the economy by kgwgk on Tuesday March 17, 2020 @02:53PM (#22608699)
How many tickets would you say they will be selling in the near future?
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