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Meta looks to raise up to $95 billion from stock sales to fund its huge AI build-out

Source: businessinsider.com

Artificial IntelligenceTechnology & InnovationCompany Fundamentals
Meta looks to raise up to $95 billion from stock sales to fund its huge AI build-out

Meta said in a Monday filing that it has launched about $35 billion in equity offerings and plans to raise up to another $60 billion through an at-the-market program of new nonvoting Class C shares. The proceeds are intended to fund its large AI buildout; the planned issuance could create dilution for existing shareholders.

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