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They could have stacked almost 52k in bitcoin instead of buying back its stock. Like Saylor said these companies are destroying capital.
And shareholders are they benefiting from this capital destruction?
Definitely not today! Investors don’t care. AirBnB might have a growth problem thus the stock price is compressing.
105 sats \ 1 reply \ @0xbitcoiner 19h
Damn! They're buying 8% of the market cap? Isn't that a huge amount for a deal like this?
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Yeah one would think
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93 sats \ 0 replies \ @grayruby 19h
I think Uber is doing a big share buyback too.
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