6 ms·
I think this is a pretty interesting idea. I think it’s less about business strategy/acquisitions and more about increasing buyback power. Meta took a $10 billi
by colinmhayes 4y ago
I think this is a pretty interesting idea. I think it’s less about business strategy/acquisitions and more about increasing buyback power. Meta took a $10 billion loan this year in order to increase buybacks, my understanding is that that’s the first long term loan they’ve ever taken. They bought back 2% of their stock last year and I suspect the buybacks will only increase now that the stock is sub $100.