saovq

I'd be remiss to not also recommend the gold standard of geopolitics podcasts imo, from Foreign Affairs: https://www.foreignaffairs.com/podcasts/foreign-affairs-inte...

If anyone’s got a spare, my email is in my profile.

I see it more as tackling the core product they're trying to deliver. Meta is trying to deliver "Virtual Reality." Apple is delivering "Augmented Reality." Meta will be able to pivot quite well, but Apple's execution here has disrupted 10 years of vision and development furthered towards creating a virtual reality rather than augmenting it

Apple really just obsoleted Meta's entire product vision, this is scary good.

Buybacks are increasingly viewed as a better way to return money to shareholders, for companies, not individual shareholders. They prop up the stock obviously, but also allow greater flexibility for the company in removing what becomes an expected obligation (dividend payment). In exchange, you can have a discretionary buyback program that can fluctuate in amount over time, and is viewed as less of a bell weather for the company's health.

What is good about buybacks for investors is that you can choose how to time your sales, which can result in tax benefits. Dividends you pay tax on a schedule that might be less suitable to whatever financial massaging investors might want to engage in.