Meta Considers Raising Billions
No mentions found
This entity hasn't been tracked yet, or Iris is still building its knowledge base.
Related Articles from SNS
Meta Considers Raising Billions in Share Sale, FT Reports
The Meta store in Burlingame, California.
Meta weighs big equity raising to finance AI infrastructure, FT reports
Meta weighs big equity raising to finance AI infrastructure, FT reports June 5 : Meta is considering raising tens of billions of dollars in a stock offering as it seeks new sources of capital to fund the company's AI ambitions, the Financial Times reported on Friday. The report comes after Alphabet moved to raise $84.75 billion in upsized equity offerings, as Big Tech competes to build data centers and capitalize on growing demand for AI. Meta executives have been exploring "creative" ways...
We're trimming 2 recent winners to raise cash in case of another day like Friday
We're booking some profits in two hot stocks. Shortly after open, we'll sell 20 shares of Goldman Sachs at roughly $1,051 each, leaving Jim Cramer's Charitable Trust with 150 shares of GS and reducing its weighting in the Club portfolio to 4% from 4.5%. We'll also sell 70 shares of Qnity Electronics at roughly $146, leaving the Trust with 780 shares of Q and reducing its weighting to 2.9% from 3.12%.
Elon Musk is steamrolling Wall Street to become a trillionaire
Today on Decoder, I’m talking to Ryan Mac, a technology reporter at The New York Times and coauthor of the excellent book Character Limit: How Elon Musk Destroyed Twitter, which came out in 2024. I can’t recommend it enough. I wanted to have Ryan on the show because we’re on the cusp of the SpaceX IPO, which promises to be one of the most consequential public offerings in history for a variety of reasons — its biggest-ever size, of course, at nearly $2 trillion dollars, but also because all...
OpenAI Confidentially Files for IPO on the Heels of SpaceX and Anthropic
OpenAI has filed confidential paperwork for an initial public offering, the company announced on Monday, kicking off what could be a monthslong process toward debuting on a US stock exchange. The move makes it the third company to file for what could be a trillion-dollar IPO this year. Tech companies pursuing the most powerful AI models, including publicly traded giants Alphabet, Amazon, Meta, and Microsoft, are hungry for tens of billions dollars each to build out more data centers and...
Crypto-Funded Chinese Peptide Labs Are Booming
Meta has been quietly stashing dormant face recognition code on more than 50 million phones, WIRED reported this week, tucked inside the companion app that pairs with its Ray-Ban and Oakley smart glasses. If activated, the feature—known internally as NameTag—would let wearers identify people in front of them by matching captured faces against a biometric gallery sitting on the user’s device. It’s the same kind of technology Meta said it walked away from in 2021, after paying out billions of...
Here are 3 forces that drove a whirlwind week for the stock market
An avalanche of selling on Friday crushed the stock market, a dramatic reversal from record highs earlier in the week. Chip stocks nosedived in the final trading session of last week. There were pockets of weakness in tech ever since Club name Broadcom disappointed on earnings.
EU court partially sides with Meta in a blow to the European Commission
The EU's General Court has annulled Facebook Marketplace's gatekeeper designation under the Digital Markets Act — but the ruling is largely procedural, as the Commission had already stripped the platform of that status a year earlier. The General Court of the European Union annulled the European Commission's "gatekeeper" designation for Facebook Marketplace, finding that the EU executive failed to adequately justify the designation. The court's ruling, issued on Wednesday in Luxembourg,...
Elon Musk Is Dropping a Boulder in a Kiddie Pool
Elon Musk is about to set in motion a chain of events that will reshape the global financial order. For starters, when SpaceX formally goes public next week, he is all but guaranteed to become the world’s first trillionaire. His rocket company is targeting a valuation of $1.77 trillion, which would make it one of the 10 biggest companies in the world—bigger than Meta, Walmart, and, for that matter, Tesla.
The AI IPO Race Heats Up, DOGE Whistleblower Sues Elon Musk, and Instagram Gets Hacked
This week on Uncanny Valley, we discuss why the race among the top AI companies to go public has just gotten started but is already creating bizarre repercussions—including numerous San Francisco real estate listings preferring Anthropic stock instead of cash. They also get into why Donald Trump’s new executive order on AI safety is underwhelming and how hackers were able to use Instagram’s AI chatbot to access high-profile accounts like President Barack Obama’s. Plus, we report on how a...