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Meta launches $35 billion stock offering to fund AI expansion

Reuters

Oct ‌26 (Reuters) - Meta ​on ‌Monday launched ‌public offerings ‌of about $35 billion in ⁠common ‌stock ⁠and convertible ​preferred stock, ​as ​the ‌Facebook parent ​seeks ⁠to ‌finance ​its costly ​AI expansion.

(Reporting by ‌Jaspreet Singh ‌in ​Bengaluru; Editing by ‌Leroy Leo)