On Tuesday, Alphabet revealed that its board of directors has authorised $70 billion in share repurchases, up from $50 billion last year and $25 billion this year.

The statement on Tuesday marks a big step forward in Alphabet’s aim of returning cash to shareholders through share repurchases.

Alphabet said it will evaluate the stock price as well as market conditions when choosing whether to buyback its shares.

Related posts:

Default ThumbnailA new date for the Amazon union vote has been set. Default ThumbnailAccording to Apple, the App Store paid out more than $60 billion to developers in 2021. Default ThumbnailPlatform Calgary plans to establish a new Innovation Centre in 2022. Default ThumbnailAccording to Steve Ladurantaye, Canada should follow Australia\’s lead and hold digital behemoths accountable. Default ThumbnailThe Calgary Clean Energy Tech Accelerator receives $3 million from the federal government. Default ThumbnailThe government has issued a challenge to Canadian inventors to develop software that would analyse and prevent wildfire dangers. Default ThumbnailLast year, HBO and HBO Max added 13 million subscribers, while Netflix’s growth slowed. Default ThumbnailOfficials close to Biden are worried that Musk may allow Trump to resurrect his Twitter account Default ThumbnailApple has told certain App Store developers that they need to update their older apps Default ThumbnailA sequel to Matt Reeves’ Batman is in the works