
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.








