Oct 26 (Reuters) - Meta Platforms (META.O)
, on Monday launched public offerings of about $35 billion in common ‌stock and convertible preferred stock, as the Facebook parent seeks to finance its costly AI expansion.
The social media company also said it plans to launch ⁠a separate at-the-market share sale program of up to $60 billion after its new non-voting Class C shares begin trading, which is expected in the first quarter of 2027.