stock buybacks were illegal until 1982. At root, stock buybacks are just wash-trading, the company buying its own shares to move their price, without doing anything to justify that price movement.
pluralistic.net/2025/09/06/com

Salesforce stock buyback to saddle company with debt until 2066
theregister.com/2026/03/16/sal

0

If you have a fediverse account, you can quote this note from your own instance. Search https://23.social/users/leyrer/statuses/116244060543154902 on your instance and quote it. (Note that quoting is not supported in Mastodon.)