[–] derram 0 points 0 points (+0|-0) ago 

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Facebook authorizes a $6B stock buyback | TechCrunch

'Facebook today said it is authorizing a $6 billion stock buyback that will go into effect in the first quarter next year. '

'There’s no specific schedule for the stock buyback, so it can essentially make a repurchase whenever it wants. '

'Following the announcement, shares of Facebook were up around 2%, though they have dropped to now remain largely unchanged. '

'Facebook shares are up around 9% year-over-year, but it hasn’t seen the crazy levels of growth it’s had historically (the shares are up almost 60% over the past two years). '

'That means Facebook can essentially continue to make long-term plays — while that may be to the chagrin of industry watchers and investors. '

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