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Facebook announces $2b share buyback at less than half of IPO price

Facebook is about to do a huge stock buyback, at less than half of what it received for its shares at the IPO four months ago. Why? Read Business Insider CEO Henry Blodget’s story here.
Jaclyn Densley

Facebook is about to do a huge stock buyback, at less than half of what it received for its shares at the IPO four months ago.

Why?

Read Business Insider CEO Henry Blodget’s story here.