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Meta Falls 1.4%, Plans to Raise $95 Billion for AI Investment

On October 27, Meta (META.US) fell 1.4%, closing at $621.47. In news, Meta has initiated a public offering to raise approximately $35 billion and plans to raise up to $60 billion through a market offering of a new class of non-voting C shares. Meta stated that these plans will support its ongoing investments in AI infrastructure and personal superintelligence.

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