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Meta increases its share repurchase authorization by $40B and says it bought back $27.93B in stock in 2022 (Jordan Novet/CNBC)

Jordan Novet / CNBC:
Meta increases its share repurchase authorization by $40B and says it bought back $27.93B in stock in 2022  —  – Meta Platforms increased its share purchase authorization by $40 billion.  — The social networking company has sought to rein in costs as revenue growth has slowed in recent quarters.