Meta ’s $40B war chest will be going to Wall Street

Meta is repurchasing $40 billion worth of stock from investors, even as it cuts jobs. • It's a move designed to prop up its share price, as its business and revenue growth stumble. • Analysts say the FTC will likely prevent it from making major acquisitions, so this is a better use of the money.…#meta #ftc #markzuckerberg #metaplatforms #whatsapp #ubs #lloydwalmsley #angelozino #cfraresearch #bigtech
Source: Reuters: Health - Category: Consumer Health News Source Type: news