Ask HN: Why do so many large Tech companies buyback their stock?
If you look at the top companies who buyback stocks it is dominated by tech companies: #1 Apple, #2 Google, #3 MS, #5 FB, etc.[1] And if you look at a breakdown of what sectors do buybacks, you see that it is tech (32% of total S&P 500 buybacks) followed by finance (20% of total S&P 500 buybacks) and then drops off quickly to other sectors.[1]What is it specifically about tech companies...