The tweet was deleted by the author.
But we saved everything 🙂.
Brian Sullivan highlights that Meta authorized a $50 billion stock buyback two years ago. Now, the company is reportedly considering selling stock to raise cash, leading to questions about its strategy for investors.
Sullivan has previously tracked the S&P 500's approach to a 41-year-old record of 10 consecutive winning weeks, noting it was just 0.04% away from the milestone in recent trading here. He also reported that oil prices had increased but were still about $15 below their levels from two weeks earlier here. These observations highlight shifts across equities and commodities in the weeks before Meta's latest move.