Meta plans to raise about $95 billion, including a $60 billion at-the-market program selling new nonvoting Class C shares that will be distributed as a stock dividend in a 2-for-1 split expected to trade from late January 2027. The company needs outside funding because 2026 capital expenditures are projected at $135 billion to $145 billion, third-quarter free cash flow was negative $2.12 billion, and it made no share repurchases in the two latest quarters. GAAP diluted EPS of $3.83 missed the $5.70 consensus due to a $9.89 billion litigation charge; excluding it, EPS would have been $7.40. Shares fell 2.87% from $630.56 on October 26 to $612.49 at the October 28 close, and the article notes that more shares could dilute per-share earnings. Three chip companies have shown nonbinding interest in buying up to $5 billion of Class A shares.
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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 | $1.6T |
| Close on 10/28/2026 | 612.49 |
| Change that session | -1.24% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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