[autokad]

stock buybacks are more tax efficient than dividends, but I disagree they are remotely the same thing. There is plenty of empirical evidence that a stock buyback does little to the stock price in the long run, and I would much rather have the decision what to do with the money even though its less tax efficient.

An NFT is a good way to put it.

[Invictus0]

So if Amazon bought back so many shares so that there were just one left on the public market, you think that the last share would trade for $97?