The stench of doom emanating from Meta is starting to become over-powering. An out of touch CEO surrounded by yes men, who won't let him know the emperor has no clothes.
Yes, with a low market cap of 1.22 Trillion and the stock price is up over 20% today. The end is near indeed!
Meanwhile, stock is up 20% today..
Stock buybacks and announcing a new dividend will definitely do that on its own.
Metas buybacks are nothing new. The dividend pales in comparison to the buybacks. The dividend is $5 billion a year which is the amount theyve been buying back every quarter recently.