Watch Desk posted an update
Meta’s $25bn share sale attracted bids for about five times the shares on offer, Bloomberg reports, as the company seeks $98bn for AI spending.
Why it mattersThat is a striking vote of investor demand for the financing, not evidence that the planned spending will deliver returns. For now, the useful signal is that Meta found plenty of buyers for the share sale.
Discuss: Should strong demand for AI funding reassure investors, or should the spending’s eventual results matter more?
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