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They barely bought more than last Q (500M more) and 3 times less than Q4-21. Nothing extraordinary with this buyback, they even have a few B authorized remainin
by BbzzbB 4y ago
They barely bought more than last Q (500M more) and 3 times less than Q4-21. Nothing extraordinary with this buyback, they even have a few B authorized remaining.
The only surprise with the buyback streak since last year is how poorly executed it was. They dumped $45B ahead of anouncing a decrease in DAU, then trickled after it tanked the stock.
- zenmaster10665 4y agoIt isnt meant to support the stock, it is a compensation pool.
- BbzzbB 4y agoNeither, it's way higher then SBC and outstanding shares are decreasing. It's cash returned to shareholders.