Meta Stock Drops 5% on Potential $Tens-Billion Equity Raise

Meta shares fall more than 5% after the Financial Times reports the company could raise tens of billions of dollars in a stock offering to fund AI investments. The report cites Alphabet's $85 billion equity plan as context, with Meta's capex guidance raised to $145 billion in April. Meta has not hired banks and may not issue new stock, according to the FT.