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Only correction is that the 100% share price pop is because of aggressive buybacks, not efficiency. They bought back 5% of the company last year. https://www.m
by drdrek 3y ago
Only correction is that the 100% share price pop is because of aggressive buybacks, not efficiency. They bought back 5% of the company last year.
https://www.macrotrends.net/stocks/charts/META/meta-platforms/shares-outstanding https://www.macrotrends.net/stocks/charts/META/meta-platform...
- seldonnn 3y agoA 5% buyback does not explain a 100% increase in share price.
- consp 3y agoWhy doesn't it? You don't need to buy back everything to massively raise the price. Not everyone is selling all the time.
- melling 3y agoCompletely wrong. We discussed META 6 months ago when the PE was 9. “The PE of 9 is low which is unusual for these companies. Apple is 24 and so is Microsoft” “Forward earnings suggests a P/E in the 20s in 2023” https://news.ycombinator.com/item?id=33366322 https://news.ycombinator.com/item?id=33366322
- actuator 3y agoStock price is forward looking. Meta does not pay dividends, so maybe it was the belief that the new initiatives won't work out and the old money sources will wither away.