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259 points pseudolus | 3 comments | | HN request time: 0.615s | source
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akira2501 ◴[] No.42198624[source]
An entire department was just rendered useless. I genuinely don't feel bad.
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_DeadFred_ ◴[] No.42198825[source]
It was funny watching the warrior whatever site back in the day when Panda came along. Love when these people get their horrible business models kneecapped.

Now let's make corporate stock manipulation illegal again and ban corporate stock buybacks. Talk about a purely manipulative business strategy.

replies(2): >>42198845 #>>42200247 #
red_trumpet ◴[] No.42198845[source]
What's the problem with stock buybacks?
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notyourwork ◴[] No.42198951[source]
Nothing directly, it just sounds bad at face value.
replies(1): >>42199488 #
_DeadFred_ ◴[] No.42199488[source]
'Stock manipulation is cool, especially when you change executives pay structure to be based purely on said manipulation. Totally creates healthy incentives not perverse ones.'
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1. l33t7332273 ◴[] No.42200338[source]
It’s a way to return money to share holders.
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2. _DeadFred_ ◴[] No.42206910[source]
By manipulating the value of the stock that shareholders. In order to do what you claim it does, it has to.... manipulate the stocks value, aka stock manipulations. You give a distinction without a difference.

And shareholders only 'benefit' from this return if they sell their stock (ie give up being stock holders) versus the traditional method where stock holders receive and dividend and maintain their stock ownership. A dividend benefits all stock holdres, stock manipulation only benefits those that sell, a smaller arbitrary subset. Why chose a 'return' method that is only for some investors?

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3. l33t7332273 ◴[] No.42208341[source]
In what sense is it a manipulation? If I have a billion in cash and spend it all on a stock, that stock price will go up; that’s not manipulation. That’s supply and demand.

>Why chose a 'return' method that is only for some investors?

The investors control the company, so they get to decide that.