Meta plans to raise up to $100 billion in equity, including $22.5 billion of Class A common stock and $12.5 billion of mandatory convertible preferred stock, plus an at-the-market offering of up to $60 billion once non-voting Class C shares begin trading. Wedbush called equity the more conservative choice amid credit market strain, though Meta reported negative free cash flow of $2.12 billion in the third quarter, its first negative reading in over a decade, and guided for 2026 capex of $135 billion to $145 billion. Bank of America estimated a $95 billion raise could dilute 2027 EPS by about 6%, and forecast 2027 capex of $210 billion and negative free cash flow of $32 billion. Analysts flagged risks around persistent spending, shareholder dilution and whether AI monetization can keep pace.
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Related tickers and likely impact
META
• NeutralMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/26/2026 | 630.56 |
| Change that session | -1.88% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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