Debt Window Slams Shut: Meta Taps Shareholders For Up To $95 Billion, With Its Own Chip Suppliers Buying In

We warned that Zuck would have to come to shareholders with his hand out. This morning, he did.

Meta announced a gargantuan financing plan of up to $95 billion in new equity on Monday, topping even Alphabet’s upsized $84.75 billion equity raise from June. Our reaction, roughly 60 seconds after the headline hit:

$22.5 Billion Now, $12.5 Billion In Converts, $60 Billion Later