Facebook Expands Share Buybacks
Company spent over $9 billion in first nine months of the year repurchasing shares
Facebook Inc. said Friday it approved a plan to boost its share-buyback program by $9 billion.
The social-media giant had previously authorized repurchases of up to $15 billion of the company’s class A common stock in 2017. This is the second increase to its repurchase program this year. In April, it boosted the program by $9 billion.
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