Facebook-parent Meta Platforms Inc raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business.
The offering would assist Meta, the only big technology company without debt, in building a more traditional balance sheet and funding some costly initiatives, such as its metaverse virtual reality. In late July, Meta issued a bleak forecast and reported its first-ever quarterly revenue drop, blaming recession fears and competitive pressures on digital ad sales.
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Facebook-parent Meta Platforms Inc raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business.
The offering would assist Meta, the only big technology company without debt, in building a more traditional balance sheet and funding some costly initiatives, such as its metaverse virtual reality. In late July, Meta issued a bleak forecast and reported its first-ever quarterly revenue drop, blaming recession fears and competitive pressures on digital ad sales.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
