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Meta and Others Bought Back a Ton of Stock. Now They’re Paying the Price.

Por: MarketWatch Business October 19, 2022

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Making things worse, Meta has sharply slowed its buyback activity this year as its earnings have come under pressure. Meta’s earnings are expected to drop 26% this year to about $10 a share. The stock is trading at about 13 times earnings, its lowest price-to-earnings ratio since Meta went public in 2012. Just when many investors might like to see aggressive stock repurchases, Meta isn’t doing them. The company is investing heavily in its... + full article



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