BUZZ-Meta falls after report on big equity raise to finance AI infrastructure
Meta Platforms META | 0.00 | |
Alphabet Inc. Class A GOOGL | 0.00 |
** Meta's META.O shares fall 5.9% to $590.82
** META is considering raising tens of billions of dollars in a stock offering as it seeks new sources of capital to fund AI ambitions, FT reports
** Executives at META have been exploring "creative" ways to raise cash; CFO Susan Li is leading the talks alongside President Dina Powell McCormick, report says
** Discussions have intensified after Alphabet's GOOGL.O equity raising this week, FT reports
** Alphabet on Wednesday increased the size of its equity offerings to $84.75 billion from $80 billion
** Meta did not immediately respond to a Reuters request for comment
** META down 5% YTD, as of Thursday's close
