Meta Platforms (META) has released an update.
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Meta’s board of directors has approved an ongoing share repurchase program for Class A common stock with $30.93 billion available as of December 31, 2023, and an additional $50 billion authorized on February 1, 2024. The repurchases are subject to market conditions and other factors, and can be conducted on the open market or through private transactions. Additionally, on February 1, 2024, Meta declared a $0.50 per share cash dividend for Class A and Class B common stock, to be paid on March 26, 2024, to shareholders on record as of February 22, 2024.
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For a comprehensive understanding of the announcement, you can read the full document here.