Economy · 8 d ago
Meta launches a US$35-billion stock offering to fund AI expansion
Stock offerings launched Monday
35 US$ billion
Meta launched public offerings of about US$35 billion in common stock and convertible preferred stock on Monday.
It also plans a separate share sale of up to US$60 billion once its new non-voting Class C shares begin trading, expected in the first quarter of 2027.
Cash and securities
US$82.45B
Long-term debt
US$80.92B
Meta held US$82.45 billion in cash and securities against US$80.92 billion of long-term debt at Sep 30.
