San Francisco, Dec 7 (AFP) Facebook said Friday it would add USD 9 billion to its stock buyback program, which could scoop up shares pummelled over the past few months by privacy scandals and a slump on Wall Street.
Facebook shares have slid more than 30 percent in the past few months amid heightened scrutiny of the company and a bruising stock market.
Facebook has become the world's biggest social network with more than two billion users, but has drawn scrutiny in the US and elsewhere over privacy practices and manipulation of its platform.
Facebook also operates the WhatsApp and Messenger applications, each with more than a billion users, and sells Oculus virtual reality gear. This year it launched a video chat device called Portal. (AFP) IND
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