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Meta begins $35 billion stock offering to fund AI expansion

Reuters +12 · ·by G4L

META Meta Platforms Inc
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  1. 1Meta launched an offering of common and convertible preferred shares on Monday.
  2. 2The company is pursuing a $35 billion offering size.
  3. 3The company is raising funds for costly artificial intelligence expansion.

So what's the key point?

Meta decided to issue new shares to raise money for growing its artificial intelligence business. It plans to collect $35 billion to use for AI expansion.

Source Reuters +12 · View original ↗

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