Fb-parent Meta Platforms Inc. stated on Tuesday it had raised $10 billion in its first-ever bond providing, because it appears to be like to fund share buybacks and investments to revamp its enterprise.
The providing would assist Meta, the one one amongst huge know-how corporations with out debt on its books, to construct a extra conventional steadiness sheet and fund some costly initiatives, similar to its metaverse digital actuality.
Different tech giants similar to Apple Inc. and Intel Corp. additionally issued bonds not too long ago, 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 …
Carry on studying: Meta raises $10 billion in first-ever bond providing