Facebook – parent Meta Platforms Inc said on Tuesday it had raised $10 billion in its first-ever bond immolation, as it looks to fund share buybacks and investments to revamp its business.
The offering would help Meta, the only one among big technology companies without debt on its books, to make a more traditional balance distance and fund some precious enterprise, similar to its metaverse virtual reality.
Other tech titans similar as Apple Inc and Intel Corp also issued bonds lately, raising $5.5 bn and $6bn, independently.
In late July, Meta posted a caliginous cast and recorded its first-ever daily drop in profit, with recession fears and competitive pressures importing on its digital advertisements deals.
