• A_Random_Idiot@lemmy.world
    link
    fedilink
    English
    arrow-up
    57
    arrow-down
    1
    ·
    5 months ago

    regular reminder that stock buybacks were, at one point in time, practically (but not literally) illegal because it was considered stock manipulation and anyone that did it would have the heavy hand of government come down on them and start going for a probin.

    And, like seemingly everything else bad in the country, Stock buybacks were deregulated under Reagan leading to today.

  • Hello_there@fedia.io
    link
    fedilink
    arrow-up
    38
    arrow-down
    2
    ·
    5 months ago

    How bout 56B to Elon ‘give me my money or I’m taking my ball and going home’ musk

  • Blackout@kbin.run
    link
    fedilink
    arrow-up
    24
    arrow-down
    1
    ·
    edit-2
    5 months ago

    “we don’t have money for raises. You see we took that profit you helped us make and gave it back to ourselves. Good luck” - CEO Mary Barra

  • j4k3@lemmy.world
    link
    fedilink
    English
    arrow-up
    23
    arrow-down
    3
    ·
    5 months ago

    Uhhh China! They invested in technology when we were too corrupt and stupid to take them serious. Now we pull McCarthy bullshit to whine about it. Xi said they were going to invest in the technology in 2014. It is not government subsidies, it is research and development of new technologies. China is better at it because we put no effort into it. The US auto industry has always been a shit show of back patting fools in their own bubble while building absolute garbage. That is why Japanese cars dominate, next will be China.

  • IamRoot
    link
    fedilink
    arrow-up
    16
    ·
    5 months ago

    You mean the car company that the tax payers were forced to bail out? That GM?

  • Beaver@lemmy.ca
    link
    fedilink
    English
    arrow-up
    5
    ·
    5 months ago

    Up the pressure Joe Biden. Make them pay for languishing on our future.

    • DarKnight0@lemmy.ca
      link
      fedilink
      arrow-up
      31
      arrow-down
      1
      ·
      5 months ago

      EVs aren’t flying off the lot here in North America because they’re still to expensive, maybe spending that money on research would fix that problem since China’s found a way to make money off amazing EVs, but no, spending money on shareholders is the American way

    • Maggoty@lemmy.world
      link
      fedilink
      arrow-up
      7
      arrow-down
      1
      ·
      5 months ago

      Because nobody wants 55k pickup EVs with shit range. EV cars in the 20-45k range are selling great.