Bitcoin / Bitcoins / Crypto Currency

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Sumo in reply to @frank9755

Buybacks are reinvesting in the company only in a financial engineering sense, it's not investing in productive capacity or anything useful. They are aiming to push up the share price.

They reduce tax burden and increase the value of the company if only on paper. There's a reason companies do it over keeping the profits.

I don't see such a big difference.

One is increasing the value of your company, literally the no1 goal of public companies. The other is effectively gambling.

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frank9755 in reply to @Sumo

increasing the value of your company

Saylor has increased the value of his company!

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Sumo in reply to @frank9755

By effectively gambling. If he'd pumped all that money in to GME and made a 1000% profit it would have still been gambling and still not "smart on the face of it"
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konastab01 in reply to @frank9755

But really its gambling as about 5 mins ago a lot of these institutions were saying crypto was a joke now they are over night experts.

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