Meta to sell $95 billion in stock to fund AI buildout

meta plans to sell up to $95 billion in shares to fund its ai infrastructure buildout. the company will sell $22.5 billion in class a common stock and $12.5 billion in depositary shares, with the remaining $60 billion coming from ongoing sales on the open market. meta has announced a new class c share structure, which carries no voting rights, allowing the company to raise money without diluting ceo mark zuckerberg's control. nvidia, amd, and broadcom have expressed non-binding interest in buying up to $5 billion in meta stock.