Meta Platforms to make first-ever bond offering

Facebook-parent Meta Platforms said on Thursday it would make its first-ever bond offering, at a time when the social media company is making massive investments to fund its metaverse projects.

Meta did not disclose the size of the offering, but said it would use the proceeds for capital expenditures, share repurchases, acquisitions or investments.

Among the high-flying megacap technology companies, Meta is the only one that does not have any debt on its books.