Facebook adds $10B to buyback authorization

Jan. 29, 2020 4:20 PM ETMETABy: Jason Aycock, SA News Editor56 Comments
  • Along with filing its Q4 earnings, Facebook (NASDAQ:FB) submitted a filing noting it's announced an increase of $10B in stock repurchase authorization.
  • The board has previously authorized buybacks up to $24B, and this increase is incremental to past authorizations.
  • There's no expiration date on the buyback program.
  • Shares are now down 6.4% postmarket.

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