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Facebook to buy back additional $9 billion(Sh920b) of shares

Picture illustration shows a Facebook logo reflected in a person's eye, in Zenica. [Photo: Courtesy]

Facebook will buy back an additional $9 billion of its shares, as it looks to pacify investors following a slump in its stock.

The social media giant’s shares, which have tumbled more than 22 percent this year, rose nearly 1 percent in extended trading.

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