Meta launches $35 billion stock offering to fund AI expansion | live
Oct 26 (Reuters) - Meta Platforms on Monday launched public offerings of about $35 billion in common stock and convertible preferred stock, as the Facebook parent seeks to finance its costly AI expansion. The social media company also said it plans to launch a separate at-the-market share sale program of up to $60 billion after its new non-voting Class C shares begin trading, which is expected in the first quarter of 2027.
Oct 26 (Reuters) - Meta Platforms on Monday launched public offerings of about $35 billion in common stock and convertible preferred stock, as the Facebook parent seeks to finance its costly AI expansion. The social media company also said it plans to launch a separate at-the-market share sale program of up to $60 billion after its new non-voting Class C shares begin trading, which is expected in the first quarter of 2027.
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