Kif Leswing / Business Insider: Finance
Apple lost $9 billion buying back its own stock in 2018 (AAPL) – Apple spent most of 2018 ravenously buying back its own stock on the open market, fueled by a large tax windfall and managements belief that shares were undervalued. Through the first nine months of 2018, Apple spent $62.9 billion on share buybacks, a record-breaking and staggering sum that happens to …
