Alphabet authorizes $70 billion buyback
Publishing timestamp: 2023-04-25 17:15:30
Summary
Alphabet's board of directors authorized $70 billion in share repurchases, which could represent a continuation of last year's pace if the entire amount is spent. The company will take into account stock price and market conditions when deciding when to buy back its own shares. Share repurchases have become a hot political topic, with some politicians criticizing the practice as a bad use of company profits.
Sentiment: NEUTRAL
Keywords: alphabet class c, business news, breaking news: technology, alphabet inc,
Source: https://www.cnbc.com/2023/04/25/google-authorizes-70-billion-buyback.html