And this for people who don't understand how stock buyback "works" The stock purchased is "canceled". Yes, canceled. So if a company has no operation but 100

And this for people who don't understand how stock buyback "works" The stock purchased is "canceled". Yes, canceled. So if a company has no operation but 100 billion in cash, after a stock buyback of 100 billion, the company is worth $0. It's a super bad deal for the employees who sees nothing, but great for Wall Street traders