They could have stacked almost 52k in bitcoin instead of buying back its stock. Like Saylor said these companies are destroying capital.
And shareholders are they benefiting from this capital destruction?
Definitely not today! Investors don’t care. AirBnB might have a growth problem thus the stock price is compressing.
Damn! They're buying 8% of the market cap? Isn't that a huge amount for a deal like this?
Yeah one would think
I think Uber is doing a big share buyback too.
I sold all of my airbnb shares in 2021.... And I'm not interested to buy back right now...maybe in the "next cycle"...
Smart stacker
More lucky than smart... In 2021 I had much less knowledge about the market than I do now... I bought a few stocks in 2020 at the very beginning of COVID (not just Airbnb, but others too), and sold them all in 2021 :)