Amazing stuff!
Current valuation of Meta about $1.6 trillion.
"Facebook parent Meta is selling nearly $100 billion in stock to pay for its AI buildout, after years of buying back its own shares.
Chipmaker Nvidia, which sells Meta its AI chips, is buying $3 billion of it."
"... Meta isn't the only giant coming up short. Amazon (AMZN) and Alphabet (GOOG, GOOGL) each spent more than their businesses brought in during a quarter this year, then borrowed heavily. Meta is the first to hand much of the bill to shareholders instead. ..."
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