Meta sheds $400 billion in market value, launches $35 billion stock sale to fund AI build-out

Meta Platforms has lost nearly $400 billion in market value since late September. The company launched a $35 billion stock sale on Monday to fund its artificial intelligence infrastructure, with new shares spreading future profits across more owners. Despite the dilution and negative free cash flow, 38 of 44 analysts tracked by TipRanks maintain a buy rating with an average price target about 36% above the current level.