Meta launched about $35 billion of common and mandatory convertible preferred stock to fund its AI build, and shares rose after falling 9% the previous week. Scott Galloway named Meta the likely “big winner” of the AI boom three years from now, citing its moats and capital for the arms race. Revenue reached $201 billion in 2025, and third-quarter revenue rose 26% to $64.6 billion, yet third-quarter capex of $34.9 billion exceeded operating cash flow of $32.8 billion, turning free cash flow negative. Meta also plans an at-the-market program of about $60 billion in new Class C stock starting in the first quarter of 2027, for up to $95 billion of new equity in total. At 20x forward earnings, below its three-year average of 23x, the article says Meta’s 2027 spending plan in late January will be the next test.
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Related tickers and likely impact
META
▲ Likely positiveMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/23/2026 | 642.62 |
| Change that session | -0.96% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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