Eli5: why do stock buy-backs benefit corporations?
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Selling shares in your company brings in cash to help grow the company (or enrich the owners) but now you’re answerable to whomever bought those shares. You’ve seen how disruptive that can be with Elon Musk owning less than 10% of Twitter causing a huge upheaval and trying to get other investors to sell their shares to him for a takeover.
Stock buy-backs put the company back fully under control of a much smaller group of people, and profits don’t have to be split with shareholders.
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