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A comment on Google gave investors a $70B buyback,and laid off 12,000 people. Parent comment

Re:Google gave investors a $70B buyback,and laid off 12,000 ... by Eddy_Viscosity2 on Sunday May 12, 2024 @02:25PM (#40336403)
The richest Americans own the vast majority of the US stock market, according to Fed data. The top 10% of Americans held 93% of all stocks, the highest level ever recorded.
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Re:Google gave investors a $70B buyback,and laid off 12,000 ... by voisin on Sunday May 12, 2024 @07:41PM (#40338422)
Source? I can’t imagine pensions only hold 7% of stocks.
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Re:Google gave investors a $70B buyback,and laid off 12,000 ... by neilknowsbest on Sunday May 12, 2024 @11:01PM (#40339424)
I was skeptical too, but it's plausible. According to the Federal Reserve's Distributional Financial Accounts release [0], the bottom 90%'s share of "corporate equities and mutual fund shares" in Q4 2023 was about 13% (5.24 / 39.94)

[0] - https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr...

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