{"id":83787,"date":"2023-02-02T01:21:08","date_gmt":"2023-02-02T06:21:08","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=83787"},"modified":"2023-02-02T01:03:15","modified_gmt":"2023-02-02T06:03:15","slug":"facebook-parent-meta-announces-40-billion-stock-buyback","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2023\/facebook-parent-meta-announces-40-billion-stock-buyback.html","title":{"rendered":"Facebook-parent Meta announces $40 billion stock buyback"},"content":{"rendered":"\n<p>(CNBC) Facebook parent <a href=\"https:\/\/www.cnbc.com\/quotes\/META\/\">Meta Platforms<\/a> said in its <a href=\"https:\/\/www.cnbc.com\/2023\/02\/01\/facebook-parent-meta-earnings-q4-2022.html\">quarterly earnings statement<\/a> on Wednesday that it has increased its share repurchase authorization by $40 billion. In 2022 the social network operator bought back about $28 billion in stock, according to the statement. The company began buying back shares in 2017, according to FactSet, but ratcheted quarterly buybacks up above the $10 billion mark for the first time in 2021<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/02\/01\/facebook-parent-meta-announces-40-billion-stock-buyback.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Facebook parent Meta Platforms said in its quarterly earnings statement on Wednesday that it has increased its share repurchase authorization by $40 billion. In 2022 the social network operator bought back about $28 billion in stock, according to the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-83787","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=83787"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83787\/revisions"}],"predecessor-version":[{"id":83788,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83787\/revisions\/83788"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=83787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=83787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=83787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}