The company has made numerous acquisitions and stock repurchases to help grow its operations
Throughout 2020, the company completed various repurchases of stock and acquisitions. For example, the company spent $1.6 billion on repurchasing some common stock in the open market. In January 2021, the company acquired Honey, a company that automatically applies coupons for customers making purchases online, for an estimated $400 million in options, restricted stock units and assumed restricted stock, in addition to $3.6 billion in cash. According to Papal Holdings Inc., Honey is expected to further simplify consumer shopping experiences and increase consumer engagement. Moreover, the company has supported racial equality through its $530 million invested toward the cause. These funds will be distributed in the form of small business grants, direct investments into minority-led startup companies and charitable contributions.
COVID|ESG|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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