Meta Drops 5% on Report of Potential Stock Sale for AI Investment

According to CNBC, Meta shares fell more than 5% on June 5 after a report suggested the company was considering a stock sale that could raise tens of billions of dollars for AI investments. Meta has not hired banks and may not proceed with the plan, the report said. A Meta spokesperson dismissed the report as "pure speculation" and reiterated the company would explore flexible ways to raise capital for AI.
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