FB - Facebook slips 3% despite solid beat new $25B buyback as uncertainty remains

Facebook (FB) is selling off, down 3%, after a strong beat in its fourth-quarter earnings - with all eyes on advertising trends, and as the company announced a new $25B share repurchase program. Revenue grew 33% and beat expectations once again, hitting $28.07B. In its CFO outlook, the company said that the first half should provide stable or accelerating growth since it's lapping the early stages of the pandemic - but that the second half will mean lapping strong periods which will "significantly pressure" year-over-year growth rates. The new $25B buyback is in addition to a previous $34B authorization, of which $8.6B remained. We had a strong end to the year as people and businesses continued to use our services during these challenging times," says CEO Mark Zuckerberg in his typically terse earnings comment. "I'm excited about our product roadmap for 2021 as we build new and meaningful ways to

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Facebook slips 3% despite solid beat, new $25B buyback as uncertainty remains