Seeking flexibility: A Meta logo at a conference in India. The company issued the bonds even though it is sitting on a cash pile of US$58.1bil. — Reuters
NEW YORK: Meta Platforms Inc is selling US$10.5bil of investment-grade bonds, its largest-ever debt sale, which will boost its cash pile as the company spends heavily on artificial intelligence (AI).
The Facebook and Instagram parent company offered notes in five parts for general corporate purposes, according to a person with knowledge of the matter.
