Reported 2 months ago
Meta Platforms Inc. is initiating a sale of investment-grade bonds to bolster its finances as it intensifies investments in artificial intelligence. The offering, which may span several tranches including a long-term 40-year security, reflects the firm's strategic move to optimize capital by borrowing despite having a hefty cash reserve of $58.1 billion as of June 30. Analysts suggest this indicates Meta's commitment to AI and its ongoing efforts to enhance its market position, following a positive second-quarter performance.
Source: YAHOO