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MeetMe (MEET) Approves $15M Stock Buyback Plan

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MeetMe Announces $15 Million Share Repurchase Program

September 6, 2016 9:03 AM EDT

NEW HOPE, Pa.--(BUSINESS WIRE)-- MeetMe, Inc. (NASDAQ: MEET), a public market leader for social discovery, announced today that its board of directors has approved a one year share repurchase program that enables the company to purchase up to $15 million of its shares of common stock from time to time in the open market or through negotiated transactions. Share purchases will be funded from cash from operations.

With significant free cash flow being generated through our successful business model, we believe our stock is undervalued and the repurchase of... More