, Columnist
Companies Want Buybacks to Be Easier
Also unicorns subsidizing consumers, consumers subsidizing unicorns, Moelis & Co. and space bitcoins.
People are worried about stock buybacks.
One reason that people sometimes worry about stock buybacks is that they are supposedly a form of market manipulation: If a company buys its own stock, it’s probably because it wants the stock to go up, and that is arguably manipulative. People who dislike stock buybacks often make this argument. But people who like stock buybacks also seem to assume that they are a little manipulative, and so you often get articles where people worry that, without enough corporate buybacks, there’ll be no one to prop up the prices of stocks.