Meta Plans $95B Equity Raise for AI Expansion
Meta Platforms announced plans to raise up to $95 billion through equity offerings and share sales to fund its massive artificial intelligence infrastructure expansion. The social media giant reported strong third-quarter revenue while accelerating its capital spending forecasts.
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Meta Platforms plans to raise up to $95 billion in equity to fund its AI infrastructure expansion. The fundraising initiative follows its first negative free cash flow in over ten years during the third quarter. The capital injection supports the company's aggressive pivot toward artificial intelligence and data center development.
