The idea would be to help prop up its value, while also making up for the bad timing of its recent stock buybacks. To help soothe worries over its share price, the company announced earlier this year that it would purchase $40 billion worth of shares from investors. The economic environment remains uncertain and the pandemic tech bubble has finally burst and shifted Meta's numbers towards pre-pandemic levels.Īfter peaking in 2021 during the height of the tech bubble, the company's stock has slid from nearly $400 per share to a little over $200, around the value it held pre-pandemic. Investors aren't interested in funding the metaverse push at the expense of profits. Meta can't do big acquisitions, and it needs to win over Wall StreetĪntitrust scrutiny continues to be a thorn in its side when it comes to acquisitions. As its revenue has grown, so too has its stockpiles of capital: In its February earnings report, Meta said that it had $40.74 billion in "Cash, cash equivalents, and marketable securities" as of December 31st, 2022.īut as Meta's revenue growth stalls out, its stock price struggles, and external pressures catch up to it, that money now has to go towards stock buybacks and other maneuvers that have more to do with its financial health and less to do with innovation. The social networking giant's revenue has ballooned over the years from $5 billion in 2012 to $116 billion last year. Those acquisitions helped Meta mushroom into the internet behemoth it is today. Since 2012, Meta Platforms, formerly called Facebook, has acquired over 100 companies, including big names like WhatsApp, Instagram, and Oculus. But as Meta's "year of efficiency" continues, Mark Zuckerberg needs to put its $40.74 billion cash pile to a more boring - but perhaps more practical - use: making shareholders happy. Meta used to put its money towards fun things like employee perks, the metaverse, and acquisition binges. Victoria Emerson celebrates the strength and independence of women everywhere, and in honor of that they are offering a 30% discount to Strong is She listeners.Account icon An icon in the shape of a person's head and shoulders. Today’s show sponsor is Victoria Emerson. Say hi to Teri on Instagram You can also find Teri on her blog, Go show her some love after the episode and let her know you listened! She also has great tips for both novice and experienced runners alike, and if you’ve ever gone through a breakup and had your heart broken, you will totally be able to relate to Teri’s experiences and emotions that led her to finding her husband. Teri shares how her career path led her to some place totally unexpected and why it’s important to never give up on finding the right fit for yourself. ![]() I love her openness in today’s episode as she takes us through her winding career path that took a few unexpected turns, shares what it’s like training for the Boston Marathon, and her experience going from heartbreaks to happiness. In today’s episode I have a Teri Hutcheon, the blogger behind A Foodie Stays Fit! If you don’t already know Teri, first off she is one of the cutest humans possibly on the face of this earth, but she’s also super intelligent, kind, and inviting.
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