Meta seeks up to $95bn in equity

Meta Platforms Inc is seeking to raise as much as $95 billion from selling common and preferred stock, supporting its development in AI with one of the largest equity offerings in history. The company is offering about $35 billion of common and preferred stock, according to a statement Monday. It also plans to raise as much as $60 billion in an at-the-market share sale programme, which allows companies to sell shares in the open market from time to time. The ATM will consist of its planned Class C non-voting shares.You use AI every day. Now get your AI Quotient. Take the AIQ test.