Meta Platforms (META) Stock: Falls as Company Unveils Massive $37.5 Billion Stock Offering

TLDR Meta stock drops 1.66% to $620.08 following its $37.5 billion offering news. Meta expands its common stock offering to $25 billion, priced at $625 a share. Meta prices $12.5 billion in preferred securities carrying a 6.50% dividend. Meta expects both offerings to close October 29, subject to closing conditions. Meta’s forward share sales could [...]

The post Meta Platforms (META) Stock: Falls as Company Unveils Massive $37.5 Billion Stock Offering appeared first on Blockonomi.