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Re:Ask HN: Why do so many large Tech companies buyback their... by simonblack on Tuesday June 15, 2021 @06:53PM (#27522650)
It's a more tax efficient way to return value to shareholders

Only if you want to sell those shares in the very near future. A little while down the track when the stock price has dropped again, all that spent cash has just been frittered away needlessly, blown away in the wind.

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