Facebook plans to buy its shares in 2017 with a total value of $ 6 billion, reports Gazeta. The company's Board of Directors approved the transaction on 18 November. The program will take effect in the first quarter of 2017 and will last termless. It is noted, that the number of shares depend on several factors, including price and general market conditions. According to the Financial Times, this undertaking may be related to the fact that Facebook investors forecast a decline in the coming year.
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