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No one seems to be talking about thr $40B stock buyback authorization just announced. I'm neither a fan nor a detractor of META, but think with eps growth so n
by retrocryptid 4y ago
No one seems to be talking about thr $40B stock buyback authorization just announced. I'm neither a fan nor a detractor of META, but think with eps growth so negative and such high losses, perhaps stock price increases are partially due to the promise of buybacks from an elastic market.
It's an absolutely great idea if they can get to real eps growth over the next 3 or 6 months. I would flip bearish if they can't get to positive eps growth in 6 months.
I don't have any META in my portfolio, just making an observation.
- HDThoreaun 4y agoMeta has always been immensely profitable. It was hit this year because investors didn’t like how hard mark was going into the reality labs stuff and that also reminded them that he can do whatever the hell he wants, including making no money for extended periods of time. Their recent layoffs and this reports continued capex cuts show that mark is committed to keeping his investors happy which is why we’re seeing the bounce back.