Meta to raise $30 billion in its biggest bond sale
Social media giant Meta Platforms will raise up to $30 billion in its biggest bond offering ever, it said in a filing yesterday, as Big Tech rushes to fund the costly expansion of artificial intelligence infrastructure.Meta, navigating a period of intense investments in AI that is creating significant cost pressures, has flagged that its capital expenditure next year would be "notably larger" than in 2025.The company's shares closed down more than 11% on Thursday, as investors mulled a 32% increase in costs ...