Meta Platforms sold 40 million Class A shares at $625 each, raising $25 billion with demand about five times the shares offered. Despite strong investor interest, Meta's stock price fell below the offering price after trading began. NVIDIA and AMD invested $3 billion and $1 billion respectively, supporting Meta's data center expansion. Meta expects net proceeds by November 2027 but faces share dilution and market pressure into 2027 due to convertible shares and new Class C stock offerings.
Meta Platforms trades at USD 621.59 on Pluang as of Oct 28, 2026, showing a slight 0.23% gain despite the recent stock sale. Nvidia shares are up 0.90% at USD 219.90, reflecting steady investor interest. Pluang data shows 66% buy activity for Meta and 57% for Nvidia, indicating positive market sentiment around these tech giants.
Meta's stock fell sharply by 16.5% in the 15 days following Jim Cramer's strong endorsement calling it a 'monster long' based on AI user data. Despite this short-term decline, technical analysis currently signals a 'Sell' but monthly indicators sugge...
Jio Platforms' shares surged 21.4% on their trading debut following India's largest-ever IPO, which raised $3.2 billion by offering 270 million shares at 1,119 rupees each. The IPO was oversubscribed over 22 times, driven by strong demand from instit...
Anthropic disclosed in its SEC filing that it had $112.4 billion in cash and $19.3 billion in short-term investments as of June 30, totaling $131.7 billion. This amount surpasses every non-bank U.S. company except Berkshire Hathaway and Alphabet, exc...
Newly unsealed court documents reveal that Meta employees discussed plans to discredit social media critic Jonathan Haidt, who has been vocal about the negative effects of social media on teen mental health. The documents show Meta’s efforts to convi...
Meta Platforms reported a sharp stock drop following earnings that included a $9.89 billion legal charge and negative free cash flow of $2.12 billion. Despite these setbacks, revenue beat estimates at $64.6 billion, driven by strong ad pricing and us...
