Meta Platforms will issue shareholders one non-voting Class C share for every share they own. Meta can sell the new shares to raise money without diluting the voting power of existing shareholders. The announcement came with third-quarter results showing a negative free cash flow of $2.12 billion. Capital spending reached $34.91 billion, exceeding the cash generated by Meta’s operations.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
