![]() As with other items sold by QVC, we want you to be completely satisfied with every order. Additionally, for a variety of reasons, including, but not limited to, the fact that the item is not in its originally manufactured condition, the manufacturer may not, and you should not expect that the manufacturer will, honor any original warranty that may have been offered in connection with this product. QVC does not guarantee that this product will meet your expectations or standards. In some instances, these items are repackaged by QVC. Walmsley was referring to the Federal Trade Commission's skepticism of major tech mergers under the Biden administration.Īngelo Zino, senior equity analyst at CFRA Research, agrees that he expects Meta to steer clear of any major acquisitions for a while, saying that "the political landscape likely prevents Big Tech from getting bigger.This item may be a customer return, vendor sample, discontinued inventory, or on-air display and may not be new. UBS stock analyst Lloyd Walmsley told Insider that the "buyback is a natural course" for a company flush with a lot of cash, but that also has so much antitrust scrutiny that it would be especially difficult to make any huge acquisitions. The idea would be to help prop up its value, while also making up for the bad timing of its recent stock buybacks. To help soothe worries over its share price, the company announced earlier this year that it would purchase $40 billion worth of shares from investors. The economic environment remains uncertain and the pandemic tech bubble has finally burst and shifted Meta's numbers towards pre-pandemic levels.Īfter peaking in 2021 during the height of the tech bubble, the company's stock has slid from nearly $400 per share to a little over $200, around the value it held pre-pandemic. Investors aren't interested in funding the metaverse push at the expense of profits. Meta can't do big acquisitions, and it needs to win over Wall StreetĪntitrust scrutiny continues to be a thorn in its side when it comes to acquisitions. As its revenue has grown, so too has its stockpiles of capital: In its February earnings report, Meta said that it had $40.74 billion in "Cash, cash equivalents, and marketable securities" as of December 31st, 2022.īut as Meta's revenue growth stalls out, its stock price struggles, and external pressures catch up to it, that money now has to go towards stock buybacks and other maneuvers that have more to do with its financial health and less to do with innovation. The social networking giant's revenue has ballooned over the years from $5 billion in 2012 to $116 billion last year. Those acquisitions helped Meta mushroom into the internet behemoth it is today. Since 2012, Meta Platforms, formerly called Facebook, has acquired over 100 companies, including big names like WhatsApp, Instagram, and Oculus. But as Meta's "year of efficiency" continues, Mark Zuckerberg needs to put its $40.74 billion cash pile to a more boring - but perhaps more practical - use: making shareholders happy. Meta used to put its money towards fun things like employee perks, the metaverse, and acquisition binges. Account icon An icon in the shape of a person's head and shoulders.
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