“Alphabet” has allowed “Google” to buy back $70 billion worth of shares
Technology
The board of directors of “Alphabet”, the parent company of “Google”, allowed the company to buy back shares for $ 70 billion. This is reported by CNBC.
It is noted that the company has stated that it will take into account the share price and market conditions when deciding when to buy back its Class A and C shares.
Class A shares have the right to vote, and Class C shares, on the contrary, do not have the right to vote. There are also Category B stocks that are not sold in bulk.
"Share buybacks are currently a hot political topic in Washington. Investors like Warren Buffett like to buy back stocks. Because it will reduce the number of shares in circulation, create a deficit and lead to an increase in stock prices,” the report says.
Class A shares have the right to vote, and Class C shares, on the contrary, do not have the right to vote. There are also Category B stocks that are not sold in bulk.
"Share buybacks are currently a hot political topic in Washington. Investors like Warren Buffett like to buy back stocks. Because it will reduce the number of shares in circulation, create a deficit and lead to an increase in stock prices,” the report says.
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