Facebook Parent Meta Ramped Up Stock Buybacks at a Bad Time – Barrons

Mark Zuckerberg picked a bad time to ramp up share repurchases at Meta Platforms.

Meta (ticker: FB), formerly Facebook, repurchased a record $19.2 billion of stock in the fourth quarter when the company’s shares averaged about $330.

The stock is down $72, or 22%, to $251 a share in premarket trading Thursday morning after the company reported…

Leave a comment

Your email address will not be published.