Meta's stock sinks on report company could raise tens of billions of dollars to fund AI push

Key points

• Mark Zuckerberg, CEO of Meta, is seen in the U.S. Capitol after a meeting in the office of Senate Majority Leader John Thune, R-S.D., March 26, 2026. Meta shares dropped more than 5% on Friday after the Financial Times reported that the company could potentially raise tens of billions of dollars in a stock offering to fund its artificial intelligence investments.
• The social media company is pondering the potential stock sale, the FT reported, after rival Alphabet said this week that it plans to raise $85 billion from selling equity, increasing that number from $80 billion.
• Alphabet has been on a tear over the past year, but the stock is down for a fourth straight week as investors worry about excessive AI spending.
• Meta hasn't hired banks and may not issue new stock, the FT noted.
• A Meta spokesperson called the report "pure speculation." "We've been clear that huge opportunities...