Netflix Authorizes $25 Billion Stock Buyback in Bid to Boost Share Price
Posted by mcfw31
Netflix Authorizes $25 Billion Stock Buyback in Bid to Boost Share Price
Posted by mcfw31
20 Comments
> On April 22, Netflix’s board of directors authorized the repurchase of an additional $25 billion of common stock, without an expiration date, the company disclosed in an SEC filing Thursday. That’s designed to return cash to shareholders — and goose the price of Netflix shares, which took a major hit after the company clinched an $83 billion deal to buy Warner Bros.’ streaming and studios business.
Meanwhile I received another price increase email just this morning. 😒
If they can afford to do that then maybe they didn’t need to raise rates
Buybacks were illegal until [Ronald Reagan](https://theantitheist.substack.com/p/the-third-man-that-did-the-most-damage)
Sounds right, worried about their income before worrying about the consumer.
The CEO needs more wealth.
Used to be illegal
Criminal authorizes stealing shit to boost not paying for stuff.
Stock buybacks should be illegal.
So glad my rates went up TWICE this year. I’m done this time
🏴☠️ the seven seas is the name of the game
Either ban stock buybacks, OR tax them at a 1:1 interest rate
Raise prices to fund stock buybacks. Fun
Companies carrying billions in debt shouldn’t be allowed to borrow more for stock buybacks
CANCEL THAT SUBSCRIPTION*
Fuck Netflix. http://fmhy.net/
Thank god Trump lowered corporate tax rates so they higher ups can use the extra cash to tighten their grip on the reins.
Nothing says a company’s doing great than having to buy back their own stock.
I’ve spent hours trying to cancel Hulu. All I get is the run around. Hulu to Disney to Amazon to Roku. I’m impressed by the people who say they take free trials or cancel after a few months. What is the secret?
Start cancelling streaming services in mass. Start buying all the physical media you can.