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.
It is not. It is manipulating the value of the stock, which the shareholders can possible take advantage of by selling their stock. Giving money back to shareholders is called a dividend. Manipulating the price of a stock is manipulation, not returning money.
What’s the practical difference? Either way the amount that ends up in your brokerage account should increase be the same amount. Stock buybacks are more tax efficient for the stock owner in the US