genai / news / / The Economic Times
Meta Platforms sold investment-grade bonds worth $25 billion in six portions.
Meta raised $25 billion through a six-part bond sale to fund AI infrastructure investments.
KEY POINTS
- Meta increased its 2026 capital expenditure forecast by $10 billion to up to $145 billion.
- Meta plans to lay off 20% or more of its workforce, starting May 20.
- Meta is scaling back metaverse business to support its AI spending push.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →