Re:Intel Brags of $152B in Stock Buybacks. Why Does It Need ...
by pas on Thursday March 28, 2024 @02:21PM
(#39855486)
sure it can be securities fraud, but usually it's done to attract more investors.
companies on stock exchanges usually do stock splits, etc. (and based on bylaws majority or 2/3rs or more of existing owners need to approve.)
So at any point, a company can devalue existing shares that people have already purchased? That also sounds like a problem.