FaceBook (FB) Just Announced Something Big For 2017

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Facebook has set a $6 billion buyback program for its Class A share, and it will begin in the first quarter of next year.
Shares quickly gained 1.1% in after-hours trading after the announcement.

On a side note, the social media giant’s Chief Accounting Officer Jas Athwal had resigned, effective Feb. 17.

Athwal was with Facebook for almost nine years and was the former director of revenue at Yahoo Inc.

Disclaimer: We have no position in Facebook Inc. (NASDAQ: FB) nor Yahoo! Inc. (NASDAQ: YHOO) and have not been compensated for this article.

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