Full credit to Microsoft – they don’t do things by halves. So when they decide to buy back their own shares from investors, they do it in style, splashing out $40 billion on the process, the largest share buyback in history.
But that failure left them cash rich, and they needed something to do with all that money; after all, in its entire 33 years, Microsoft has never been in debt.
According to the company, it shows "confidence in the long-term growth of the company and our commitment to returning capital to our shareholders."
It’s not the only tech company buy back shares. Hewlett-Packard is buying back around $8 billion in shares.
- Inside the strange and scammy world of anti-5G accessories
- Cracks in the crypto utopia: How a surge of scams is exposing DeFi’s dark side
- 2021 Emmy predictions: Who will take home the big awards?
- The best no-log VPN for 2021
- The best true wireless earbuds for 2021