Facebook, Instagram-parent Meta Platforms Inc targets to raise $25 billion from bond sale, reports claim. Here's how META stocks are reacting
Analysts said investors were likely perturbed by how much Meta Platforms Inc is targeting at least $25 billion in its bond sale, Bloomberg News reported on Thursday, a day after the company forecast "notably larger" capital expenses next year due to investments in artificial intelligence and data centers.According to fixed-income news service IFR, the Facebook and Citigroup and Morgan Stanley are leading the offering, IFR reported. Shares of Meta were down about 10.5 per cent during premarket hours on news ...