Friday, November 18, 2016

Facebook authorizes a $6B stock buyback

STANFORD, CA - JUNE 24: Facebook CEO Mark Zuckerberg speaks on a panel discussion with U.S. president Barack Obama during the 2016 Global Entrepreneurship Summit at Stanford University on June 24, 2016 in Stanford, California. President Obama joined Silicon Valley leaders on the final day of the Global Entrepreneurship Summit. (Photo by Justin Sullivan/Getty Images) Facebook today said it is authorizing a $6 billion stock buyback that will go into effect in the first quarter next year. Facebook in its last earnings call also said that its growth would likely slow as a result of the company reaching its maximum advertising load. While Facebook has historically grown at a very fast clip, the company is now in a position that it needs to find additional… Read More

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