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Meta however is buying FB shares. They spent 20 billion in Q4 and 14 billion in Q3 on buying back shares. They must be confident..
by Calist0 5y ago
Meta however is buying FB shares. They spent 20 billion in Q4 and 14 billion in Q3 on buying back shares. They must be confident..
- tinco 5y agoOh, in that case I'm wrong in my opinion.
- bombcar 5y agoShare buybacks usually indicate the company can't figure out what to do with their cash stockpile, and are doing a tax-advantaged dividend (it effectively gives the money to shareholders, but they don't have to incur a tax hit). It could mean they're really certain it'll be worth more later, or it (more likely) could mean they ran out of ideas and are trying to shore up the stock price, too.