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carnegie said:Rayz2016 said:Possibly a silly question then:
Is Apple trying to buy itself out of the stock market circus?
No. Buying back stock isn't about going private. It doesn't move Apple any closer to being private or, likely, make it easier for someone to take it private. (I'd argue, for reasons I won't get lost in here, that in this case the buy backs make it a tiny bit less likely that Apple would get taken private. That effect isn't particularly relevant though because it would be extremely unlikely anyway.)
A company can't take itself private. It can't buy back enough stock that it becomes a private company. Someone else - or some combination of someone elses - has to, in effect, buy the company.
melgross said:It’s interesting that such a young company would have all of,those products out and a customer base. I’m surprised that apple didn’t buy them. Maybe there are other companies that are close on their heels and so Apple didn’t think it was worthwhile. I wonder what Apple could have gotten them for in early or mid 2016.