Authorization

Facebook To Repurchase Addl $9 Bln Of Shares

(RTTNews) - Facebook Inc. (FB) disclosed in a regulatory filing that On December 6, 2018, its board approved an increase of $9.0 billion in the amount authorized under the Company's share repurchase program.

The Board has previously authorized repurchases of up to $15.0 billion of the Company's Class A common stock under the program since it commenced in 2017, and this increase is incremental to the prior authorizations.

The company noted that the repurchase program does not have an expiration date and the timing and actual number of shares repurchased depend on a variety of factors, including price, general business and market conditions, and other investment opportunities.
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