Reported about 13 hours ago
Meta Platforms Inc aims to raise at least $25 billion through a bond sale, as reported by Bloomberg. The company, known for Facebook and Instagram, has filed for a six-part bond offering with maturities between five to 40 years, led by Citigroup and Morgan Stanley. Despite reporting a 26% increase in third-quarter revenues, Meta anticipates significantly higher capital expenses next year due to investments in AI and data centers.
Source: YAHOO