Big Tech's Big Tax Ruse: Industry Splurges on Buybacks

Industry Splurges on BuybacksThe top 10 U.S. tech companies spent more than $169 billion purchasing their shares in 2018, a 55 percent jump from the year before the tax changes, according to data compiled by Bloomberg. The industry as a whole authorized the greatest number of share buybacks ever recorded, totaling $387 billion, according to TrimTabs Investment Research. Spending on research and development climbed slightly.

Tags: Science, Bloomberg, TrimTabs Investment Research Spending