Meta falls more than 5% on report of possible AI stock sale
What's new: Meta is weighing a share sale that could raise tens of billions, though the company said no banks have been hired and no deal is set.
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What's new: Meta is weighing a share sale that could raise tens of billions, though the company said no banks have been hired and no deal is set.
What's new: Meta is weighing a sale that could raise tens of billions as its 2026 capital spending target reaches as much as $145 billion.
Why it matters: Investors are already uneasy about AI spending after Meta lifted 2026 capital spending guidance to as much as $145 billion.