the Board of Directors of the social network Facebook has approved the repurchase of shares worth up to $ 6 billion About it reports AFP with reference to the statements of the company.
it is Noted that the buyback of shares will take effect in the first quarter of 2017 and will have an end date. “This program is part of the strategy for the allocation of capital to business development in the long term”,— stated in the message.
Previously, “Kommersant” reported that in the third quarter of this year Facebook tripled improved net profit compared to last year — from $ 896 million to $ 2.38 billion Despite this, immediately after the publication of the financial statements of quotations of the company declined by 8%. Investors scared away because of the forecast of the management of the social network next year. According to Facebook CFO David Venus, revenues from mobile advertising will reach its ceiling in the summer of 2017.
read More about findaway performance of the company, read the material “Kommersant” “the Future of Facebook spooked investors.”
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