[HN Gopher] Amazon announces 20-for-1 stock split, $10B buyback
       ___________________________________________________________________
        
       Amazon announces 20-for-1 stock split, $10B buyback
        
       Author : zaltekk
       Score  : 22 points
       Date   : 2022-03-09 21:51 UTC (1 hours ago)
        
 (HTM) web link (www.cnbc.com)
 (TXT) w3m dump (www.cnbc.com)
        
       | jsnodlin wrote:
        
       | kjhughes wrote:
       | Amazon has been extraordinarily successful delivering shareholder
       | value by plowing profits back into growing their business rather
       | than via dividends or share repurchases.
       | 
       | The buyback might seem to be a strategy change, but it is "only"
       | a $10B _authorization_ , and the last authorization never
       | resulted in more than half of the purchasing happening:
       | This stock repurchase authorization replaces the previous $5
       | billion stock repurchase authorization, approved by the Board of
       | Directors in 2016, under which the Company had repurchased $2.12
       | billion of its shares.
       | 
       | Source: Amazon Form 8-K:
       | https://www.sec.gov/ix?doc=/Archives/edgar/data/0001018724/0...
        
       ___________________________________________________________________
       (page generated 2022-03-09 23:01 UTC)