comment: >
  
  RSUs... Hmmm, that can be good if the vesting period is not too long, but the tax liability can be pretty steep when they become fully vested.
  I guess I can see why Facebook employees would be for anything that Zuck does that results in " Stonks Go Up!"
context: Their stock price jumped 20% after this buyback was announced. Meta laid off 11,000 employees in November and has hinted at more layoffs in the future.
  Just a reminder that stock buybacks were illegal until the 80’s under Reagan
  EDIT: for some quick math, if you include the $28 billion stock buyback Meta did in 2022, that means Meta spent roughly $6.2 million in stock buyback per employee laid off. >
  
  Sorry for dumb question but... what does a stock buyback do that raises stock price?
  Is it they're saying they'll buy X amount. So that pushes price up even though they're losing a ton of money, thus creating a sort of false image of being more valuable than they are? >
  
  Companies have a value. Let's say $100. Companies have a number of shares outstanding, let's say 10. Therefore, the company's share price is $100/10 or $10 per share. When a company buys back stocks, let's say they buy back 2 of their 10 outstanding shares, now there are only 8 outstanding shares, but the company 'value' hasn't changed, it's still $100, so now, $100/8 shares = ~$12 per share. The price went up 'naturally'. >
  
  Thank you! >
  
  And again
  This was considered stock price manipulation and illegal until the 1980's
  making it legal was part of the GOP's "free market", deregulation, "Reagan Revolution"
  It was a CHOICE to allow this
  it didn't "just happen"
  it is not "natural"
  and we can CHOOSE to do things differently >
  
  Wait wait you mean a company shouldn't be allowed to buy back shares and then reissue shares and then buy back shares and then reissue shares and then buy back shares >
  
  Made me giggle big time. Very well put. >
  
  But why male models >
  
  I‘m a bit pissed and feeling powerless against the investor class. Record profits, layoffs, PPP funds turned into grants and used for stock buybacks and everything is an excuse to raise prices. >
  
  What's infuriating about the PPP loans being forgiven is that business owners got millions of dollars forgiven but regular people getting 20k in federal student loans forgiven, hell no. can't have that. >
  
  We live in a place where not paying taxes, selling out your country for money, and enriching yourself from the tax base is considered "smart people stuff."
  Until people decide there's better business role models than "just don't pay your contractors or taxes and manipulate your stock price publicly," we're kind of screwed. >
  
  And they've laid off how many employees so far?
  Stock buybacks and layoffs. Name a more iconic duo. >
  
  Ambiguously Gay Duo >
  
  Or... $3.6 Million per laid off Facebook employee
  I can almost guarantee that none of those laid off employees made anywhere close to that though. >
  
  Yeah some did lol, very few. 400k is not uncommon though.
  I can tell you the employee chat groups are pretty happy with the buybacks. We get paid over half our comp(depending on level) in stock.
  In big tech, employees ARE major shareholders. The stock doing well is good for us.
  The layoffs were absolutely necessary, we overhired. the rate of employee growth last year was insane. That’s the execs fault, but you don’t give into sunk cost fallacy there. >
  
  Wait, is that actual stock or options?
  And if it is options what is the vesting schedule? >
  
  RSUs, you get a big chunk of stock every quarter to do what you want with.