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Re:Meta Earning Results Q3 2022 [pdf] by mathattack on Thursday October 27, 2022 @07:11AM (#33355887)
The dilution will be much higher if the share price stays lower.

Think about it this way: Giving 20 billion in new equity per year when the market cap is a trillion dilutes everyone 2%. When the market cap is 500 billion you are now diluting everyone 4%.

When the company is growing you don’t see the dilution as the increase in stock price is much higher. When it’s static this drags your shares down over time.

Re:Meta Earning Results Q3 2022 [pdf] by sangnoir on Friday October 28, 2022 @04:43PM (#33377676)
How much were the shares "undiluted" by buybacks? I suspect more is spent on buybacks than on RSUs.