https://www.prnewswire.com/news-releases/shutterstock-announces-share-repurchase-program-301844432.html

Unsurprisingly, SSTK is up this morning - it had been wallowing around in the high $40s recently and it's now at $52.26

From the CEO:

"Given our strong free cash flow generation and healthy balance sheet, Shutterstock is uniquely positioned as a technology company to be able to invest for organic and inorganic growth while also consistently returning value to shareholders through a mix of dividends and share buybacks,"

They've authorized up to $100million, and apparently can borrow to fund this cozy-up-to-the-shareholders scheme:

"The Company expects to fund repurchases through a combination of cash on hand, cash generated by operations and future financing transactions."

I guess Oringer would love to get more for his program of stock sales he still has 11,370,600 left. June 2nd he sold nearly $4million and the price in the low $50s was way down from the April sale in the $70s

https://finance.yahoo.com/screener/insider/ORINGER%20JONATHAN

Having squeezed contributors as tightly as they dare and banged the AI drum as loudly as they could the stock price wasn't going up as they'd hoped...

Tossers!

Edited to add: The stock closed today (Wed June 7th) at $50.63, up only a few cents from yesterday's $49.99 close; it's $50.20 in after hours trading. I guess the buyback exuberance  fizzled.
June 8th close $49.80 (and the markets were up; this was about SSTK specifically, not general doom & gloom)
June 16th close $49.13 (and Oringer sold nearly $5million more stock on June 7th at $50-$53 per share)

"Given our strong free cash flow generation and healthy balance sheet, Shutterstock is uniquely positioned as a technology company to be able to invest for organic and inorganic growth while also consistently returning value to shareholders through a mix of dividends and share buybacks,"

It would be nice if they shared a bit of that free cash flow to all the contributors aka 'returning value to contributors'... the ones that enable the shareholders to profit by using our assets.

We all know that greed will not enable this option, but it sure would be nice.

First and foremost, the number of free shares is reduced for lack of alternatives to invest the money generated elsewhere. For example, in research and development.

Another reason often cited is the "visual" increase in the value of the company. This, and of course the shortage of free shares, can be interpreted as a defense against hostile takeovers.

Furthermore, the reduction of the sum of dividends to be paid out can be mentioned.

Most often, this behavior occurs in an economic downturn and / or the saturation phase of the corporate cycle. In other words: Shutterstock's up-and-coming time is over and the company's management has finally realized this.

These are the usual suspects.

"Tossers" indeed also wankers, dickheads, and a lot of derogatory I could post but can't be bothered, just like I can't be bothered about oringer and his crew of fools 

Consistently returning value to shareholders but in the meantime I'm experiencing the worst streak of revenue in 12 years of Shutterstock. SS is now nothing more than a mid-tier agency for me, while Adobe is still going strong.

Consistently returning value to shareholders but in the meantime I'm experiencing the worst streak of revenue in 12 years of Shutterstock. SS is now nothing more than a mid-tier agency for me, while Adobe is still going strong.

One should think that the contributors may have left SS because of all that. Yet there are still people here complaining about rejections at SS, or contributors talking about sueing SS o get able to earn 10 cents on image subscription sales, and maybe some few more cents on video subscriptions. 

One should think that the contributors may have left SS because of all that. Yet there are still people here complaining about rejections at SS, or contributors talking about sueing SS o get able to earn 10 cents on image subscription sales, and maybe some few more cents on video subscriptions.

If I only worked for agencies that paid fair or were as profitable as they were ten years ago, I'd have nothing up to be licensed on any of them, as I would have left them all.

As it is, just working SS, AS actively, AL, IS just coasting or as the mood strikes me, DT until I make payout. Otherwise, Wirestock to the losers, like DP, P5, 123, any of the rest, and take what falls on me $30 at a time. But for the short version of that, IMHO, only SS and AS are worth my time and any effort or continuing with what I did in the past.

SS needs to boost the stock value because, investors aren't buying in to the future and promises like they did in the past. And then when the stock makes it back down to $30 a share, it will sit there, not moving much up or down.