Good Morning to everyone especially to Google shareholders. Let’s talk about it!
This is The One Pager, where we sum up everything that actually moves markets, in one minute!
Here’s what we have for you today:
Google is at it again, folks! The tech giant has announced plans to buy back a whopping $70 billion worth of its own shares. I mean, why not? It's not like they have anything better to do with their money, right? In all seriousness, this move isn't all that surprising. Google has a history of share buybacks, with their last one totaling $50 billion back in 2019. And if past performance is any indication, this latest buyback could have a positive effect on the company's stock price.
But let's be real, Google is worth over a trillion dollars. $70 billion is a drop in the bucket for them. So why not use that money to make some real change in the world?
Anyway, happy buying, Google! Don't spend it all in one place.
Cheers!
P.S We Love you
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