Meta raises $10 bn in first-ever bond offering

Facebook-parent Meta Platforms has raised $10 billion in its first-ever bond offering as part of its plans to fund investments to revamp its business and share buybacks.
VC funding for tech
The offering would help Meta, the only one among big technology companies without debt on its books, to build a more traditional balance sheet and fund expensive initiatives, such as its metaverse virtual reality.

Apple and Intel also issued bonds recently, raising $5.5 billion and $6 billion, respectively.

In July, Meta posted a gloomy forecast and recorded its first-ever quarterly drop in revenue due to less demand for its digital ads sales.