Meta Platforms and the Buyback Illusion
Meta generates $228B in revenue, but $108B in CapEx shrinks FCF yield to 1.19%, trailing Treasuries by 391 bps while buybacks mask equity dilution.
Meta Platforms, Inc.
Meta generates $228B in revenue, but $108B in CapEx shrinks FCF yield to 1.19%, trailing Treasuries by 391 bps while buybacks mask equity dilution.