Is Microsoft Corp.'s Bing search engine about to become cool? It may not really matter for investors, as the advertising business is all upside.
Meta Platforms Inc and blockchain nonprofit Dfinity Foundation have resolved Dfinity's trademark lawsuit against Meta over its infinity-symbol logo, according to a joint filing in San Francisco federal court. Meta and Dfinity asked the court Monday to dismiss the case with prejudice, which means it cannot be revived.
On one hand, share buybacks can reduce a company’s share count, which increases profit per share and hopefully supports a rising stock price; on the other hand, some money spent on buybacks might benefit shareholders more if it is used to expand or improve a company’s operations. President Joe Biden has seemed to be in the second camp, and is targeting stock buybacks after companies poured billions into the practice during a period of high inflation over the past two years, and while laying off workers this year. Biden supported a 1% tax on dollars spent on buybacks, which was part of the Inflation Reduction Act signed into law in August.