Alphabet is buying back more than $5 billion in stock next quarter

Today Alphabet, the umbrella company which owns Google, Nest, and all of Google’s money-eating “moonshot” experiments, announced plans to buy back more than $5 billon — specifically $5,099,019,513.59 — in stock. That’s roughly one percent of Google’s $451.3 billion market cap. This isn’t all that surprising. Alphabet CFO Ruth Porat hinted last quarter that the company wasn’t […]...