6 ms·
I recently learned that buybacks and short selling historically have not been legal, its only in recent history that they've been standard practice en large (19
by frikk 2y ago
I recently learned that buybacks and short selling historically have not been legal, its only in recent history that they've been standard practice en large (1982 is when buybacks were legalized, I think)
- layer8 2y agoIt’s part of Reaganomics. Buybacks weren’t explicitly illegal beforehand though, it just wasn’t clear when they would count as stock price manipulation.