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Amazon getting desperate: Announcing $5B stock buyback


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2016 Feb 10, 1:54pm   22,380 views  42 comments

by justme   ➕follow (1)   💰tip   ignore  

Amazon.com Inc.'s stock AMZN, +1.43% climbed 1.5% in after-hours trade Wednesday, after the e-commerce giant announced a new $5 billion share repurchase program. The company disclosed in a regulatory filing that the new program, which does not have a fixed expiration, replaces the previous $2 billion program announced in 2010. The stock, which closed Wednesday's regular session up 1.7%, has tumbled 26% over the past three months, while the S&P 500 has lost 11%.

http://www.marketwatch.com/story/amazons-stock-climbs-after-new-share-buyback-announcement-2016-02-10

My take: Jeff Bezos is getting desperate after the price fell from 696 peak, to as low as 474 recently.

#buyback #justme #amzn #amazon #recurring

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41   zzyzzx   2017 Dec 4, 1:02pm  

I just checked that Amazon Delivery shitting incident, and of course it's in California:
https://www.huffingtonpost.com/entry/amazon-driver-poops-driveway_us_5a218ed5e4b0a02abe90ec11

A homeowner in Sacramento County, California, is down in the dumps after an Amazon delivery contractor left a pile of feces in front of his house.

Was kind of expecting this to be in or near San Francisco though.
42   Y   2017 Dec 4, 1:12pm  

It doesn't matter.
You're gone.
No one is compelled to answer.

Dan8267 says
"Investors" are buying now so they can dump it during or after the buyback. And this improves the economy how?

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