Meta proposes $60 billion ATM to sell shares

Recent volatile trading in AI-related stocks has highlighted investor appetite for additional share offerings and the prices companies can secure. Tech giants, chip companies, and AI cloud providers have sold over $300 billion in new stock and mandatory convertible securities this year, with another $100 billion in potential share sales remaining on tap, including a proposed $60 billion at-the-market program from Meta Platforms. Open article →