Meta Platforms Slowed Its Buybacks as the Stock Fell
Do you think the buyback should be accelerated or slowed down in the face of falling share prices?
$Meta Platforms(FB.US$ scaled back its stock buybacks in the first quarter to an estimated $7.5 billion from a record $19 billion in the fourth quarter as the company's share price fell sharply.
Meta's repurchases slowed within the first quarter after the company released disappointing fourth-quarter earnings and 2022 guidance in early February. This means it bought most of the stock in the quarter at prices well above current levels.
$Meta Platforms(FB.US$ scaled back its stock buybacks in the first quarter to an estimated $7.5 billion from a record $19 billion in the fourth quarter as the company's share price fell sharply.
Meta's repurchases slowed within the first quarter after the company released disappointing fourth-quarter earnings and 2022 guidance in early February. This means it bought most of the stock in the quarter at prices well above current levels.
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