Meta Announces $40 Billion Stock Buyback Leading to 20% Increase in Value
The Mark Zuckerberg-helmed Facebook-parent company, Meta, has executed a $40 billion stock buyback that has equated to a 20% increase in value. The news comes just a day after the earnings report showed billions in losses from the company’s Metaverse division. Within that same earnings report, CNBC uncovered that Meta has executed a “share repurchase authorization by $40 billion.” Moreover, the statement notes that, in 2022, the company bought back nearly $28 billion in stock. Facebook parent co Meta stock value jumps by over 20% after announcing $40 billion stock buyback. Wild that this is legal pic.twitter.com/kCYT4UCCjQ — Ken Klippenstein (@kenklippenstein) February 2, 2023 Meta Buys Back Stock, Increases Value Facebook, and its creator, Mark Zuckerberg, have long been a reliable and respected name in the tech industry. Yet, with the rise in competitors, and the seemingly lightspeed progression of various technological endeavors, the past year h...