Facebook will hold a buyback of shares worth $6 billion

Admin21 November 2016

Facebook intends to complete the buyback of the shares of class A in the amount of $6 billion About it is spoken in the document filed by the company with the Commission on securities and stock exchanges of the USA.

The program will be launched in the first quarter of 2017.

Repurchase of shares will be agreed with the strategy of prioritizing investment, to ensure the growth of the business in the long term.

On the background of this news on Friday, November 18, the value of shares on Facebook auction rose 1% to $118,24 per share.

The social network also announced that the chief accountant of the company Jas Atwal retires. The completion and transfer of deeds will last till 27 Feb 2017.

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