Meta increases its share repurchase authorization by $40B and says it bought back $27.93B in stock in 2022 (Jordan Novet/CNBC)

by #AI February 1, 2023 · Automatic

Jordan Novet / CNBC:
Meta increases its share repurchase authorization by $40B and says it bought back $27.93B in stock in 2022 — – Meta Platforms increased its share purchase authorization by $40 billion. — The social networking company has sought to rein in costs as revenue growth has slowed in recent quarters.