Meta Shares Recover, but a $60B AI Stock Plan Looms
TLDR Meta announced $35 billion in stock offerings and plans a separate $60 billion share sale program for 2027. Nvidia, AMD, and Broadcom expressed interest in purchasing up to $5 billion of Meta shares combined. Third-quarter revenue increased 26% to $64.6 billion, while free cash flow turned negative. Piper Sandler maintained its $850 Meta price [...]
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