Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Spotify's Confusing Buyback Plans

TheMotleyFool

0 0

Spotify (NYSE: SPOT) announced plans to buy back up to $1 billion worth of its stock last week with the authorization expiring in April 2026. Stock buybacks are often a tax-efficient way for businesses to return excess capital to shareholders.

The authorization is at the same time a vote of confidence in the future of the stock and an admission that Spotify might not have anywhere better to invest in the future growth of the business. That's a bit confusing for a growth stock like Spotify.

Image source: Spotify.

Source Fool.com

Like: 0

SPOT

Share