The social media giant said it was increasing the common stock offering it announced on Monday from $22.5 billion to $25 billion, priced at $625.00 per share
Meta plans $35 billion in stock offerings and a further $60 billion share sale programme to finance AI expansion, as heavy infrastructure spending strains its free cash flow
Meta said Monday it is planning to raise a total of $95 billion to support itsi nvestments in AI infrastructure and super intelligence.
Meta launched public offerings of about $35 billion in common stock and convertible preferred stock, as it seeks to finance its costly AI expansion.
Plan combines $35B in concurrent public offerings and future $60B at-the-market equity program
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