It’s blatant stock manipulation. The stock price goes up because they increase demand for the stock for no reason. The value of the company doesn’t change at all other than they’re holding stock as an asset instead of the cash. Yet the stock is worth more now. It’s stock manipulation, plain and simple.
Stock buy backs used to be illegal in the USA. It was seen as a form of corruption.
It’s blatant stock manipulation. The stock price goes up because they increase demand for the stock for no reason. The value of the company doesn’t change at all other than they’re holding stock as an asset instead of the cash. Yet the stock is worth more now. It’s stock manipulation, plain and simple.
It’s almost as if stocks are a really shitty way to get rich from nothing.