Sources: Meta considering new share
Photo: Thibault Camus/AP/TT

Sources: Meta considering new share issue to finance AI investments

Meta, the owner of Facebook, is considering a share issue worth tens of billions of dollars, sources told the Financial Times. The aim is to finance AI investments.

Three people with knowledge of the matter told the newspaper that executives at Meta are considering “creative” ways to raise money for the company’s planned AI investments.

Those investments will be around $145 billion (1,373 billion SEK) this year and even higher next year.

One option is to issue new shares worth tens of billions of dollars.

Meta's plans have been encouraged by Google owner Alphabet's major AI investment earlier this week.

The offering was originally intended to be $80 billion, but after strong investor demand it was increased to $85 billion.

Meta's stock fell 5.5 percent on the New York Stock Exchange on Friday.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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