Do Coinbase Stock Buybacks Make COIN a Good Buy Here?

Stock buybacks have become the preferred method of returning value to shareholders over the last decade, almost tripling in value for the top 1200 companies globally during this period. So when companies announce a new buyback program, it sounds like just another development. Investors reacted differently, however, when Coinbase (COIN) announced it had bought back about 8 million shares in the previous quarters in an attempt to reduce share dilution. The stock went up 16% on the news as investors welcomed ...