– Fb-parent Meta Platforms Inc stated on Tuesday it had raised $10 billion in its first-ever bond providing, because it appears to fund share buybacks and investments to revamp its enterprise.
The providing would assist Meta, the one one amongst massive expertise corporations with out debt on its books, to construct a extra conventional stability sheet and fund some costly initiatives, reminiscent of its metaverse digital actuality.
Different tech giants reminiscent of Apple Inc and Intel Corp additionally issued bonds lately, elevating $5.5 billion and $6 billion, respectively.
In late July, Meta posted a dark forecast and recorded its first-ever quarterly drop in income, with recession fears and aggressive pressures weighing on its digital adverts gross sales.
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