Facebook adds $9b to share buyback effort - Share market analysis of dhaka stock exchange, Bangladesh
Black
White

Send This Page To Friends and Colleagues

You can Enter more than one email separated by (,)
Allowed 100 characters only
09 December, 2018 09:47 AM Source: The Daily Star Bangladesh
download (2).jpg

Facebook said Friday it would add $9 billion to its stock buyback programme, which could scoop up shares pummelled over the past few months by privacy scandals and a slump on Wall Street.

In a regulatory filing, the leading social network said it added to a $15 billion share repurchase programme began in 2017.

Facebook shares have slid more than 30 percent in the past few months amid heightened scrutiny of the company and a bruising stock market.

The repurchase programme "does not have an expiration date," the filing said, adding that shares may be repurchased on the open market or through privately negotiated transactions.

Facebook has become the world's biggest social network with more than two billion users, but has drawn scrutiny in the US and elsewhere over privacy practices and manipulation of its platform.

The Facebook application has fallen out of favour among young audiences in the US, according to surveys, but its Instagram image-sharing application has taken up some of that slack.

Facebook also operates the WhatsApp and Messenger applications, each with more than a billion users, and sells Oculus virtual reality gear. This year it launched a video chat device called Portal.

Afp, San Francisco

 

Add Comment | 0   comment

Readers Comment

Nothing found to display
page number 1

Add Comment

Please login first to comment Click here to login
Advanced Charts
Market Map
Real-Time Market Watch
Order Book Data
Stock Screener
LankaBangla Client Login
CSE iTrading
Trading Game
DSE iTrading

Stocks in Focus


Features for Registered Users

E-mail Alerts
Daily Newsletter
Your Watchlist
Advanced Tools
and
Many more

Will automatically display the last quotes you have visited here.

All Rights Reserved - DUInvest © 2013

Login

Do You have an Account ? , Click here to create a new account

Your Opinion Matters

What do you think about the new Website?