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Buybacks are submarine dividends, it means the company doesn't know what to do with the money to grow so they're giving it back to the shareholders.

Buybacks and dividends are literally the way public markets are supposed to work. Raising capital without ever giving it back = a ponzi scheme.

Anyhow buybacks are a way to give money back to investors while making each remaining share more valuable.

Shrinking float and lowering the cost of capital is still better than sitting on a pile of excess cash.

Buybacks are a valid tactic in corporate finance.

Very valid - but they can scare “growth” investors.

Growth investors don't like piles of cash doing nothing either so much. Especially with inflation.