There’s a reductio ad absurdum to stock buybacks I’m not seeing. How far can it go before liquidity of the stock drops to the point it’s de facto privately held? Are there rules about this
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Replying to @vgr
It is possible for a company to take itself private again in an Un-IPO. The rule that forces IPO is triggered by crossing a number of shareholders (200?). If you bought out enough shareholders, the remaining could choose to de-list. Reduces regulatory compliance obligations.
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