Meta announces $95 billion stock offering to finance AI buildout

Meta announced a $95 billion stock offering to finance its AI buildout, the company's first new share issuance since 2013. About $60 billion of it is non-voting stock newly created last week, which both reflects the company's urgent need for cash and lets Zuckerberg raise money and pay tax bills without diluting control. The offering is larger than Google's $85 billion and Oracle's $25 billion share sales this year; hyperscalers are expected to spend $800 billion on AI this year and more than $1 trillion next year. Meta shares rose 2% in premarket trading, which the author says shows bond investors are worried while stock investors remain optimistic.