Meta Plans Major Fundraise to Preserve Zuckerberg Control Amid Legal Costs

Meta reported Q3 revenue of $64.6B (+26% YoY), beating expectations, but profit was reduced by ~$10B due to a settlement with U.S. states over teen addiction claims. The company is preparing a large capital raise structured to avoid diluting Zuckerberg's control, signaling potential balance-sheet strain and ongoing legal exposure.