Rhode Island Alleges Meta Profited Billions From Scam Ads

Meta plans a $20 billion cross-border bond offering in USD and euros to fund AI and data center expansion, with Citigroup and Morgan Stanley advising. The final size may vary based on market conditions and demand. Meta reported a $2.12 billion cash burn in Q3, raising $55 billion in bonds last year and April. Investors scrutinize heavy AI infrastructure spending.

Meta (META) is reportedly planning a cross-border bond offering in US dollars and euros, its first euro-denominated bond. The company has enlisted Citigroup and Morgan Stanley to gauge market interest. This follows a trend of tech companies raising large sums for capital expenditures, with Meta also executing a significant equity financing plan.

Meta Platforms plans to raise $20B through a bond offering, with debt denominated in USD and euros, to fund AI investments. Citigroup and Morgan Stanley are lead underwriters, according to Bloomberg sources.

AI companies face a capital crunch. OpenAI reduced its funding target to $20B from $30B. S&P cut Meta's credit outlook to 'negative'. Hyperscalers plan $800B in investments this year. Gartner estimates $8.5T needed by 2030, but only $3.6T in revenue expected. Meta and Oracle plan large fundraisings.

Meta is considering a cross-border bond offering worth at least $20 billion, according to Bloomberg News. The final size may increase based on investor demand, but no decision has been made yet.

France's National Assembly approved a 5.5-cent-per-gigabyte data tax, targeting global digital giants like Netflix, Google, Meta, Amazon, and Akamai. The tax aims to generate €10 billion annually and promote digital moderation. The Finance Committee initially rejected the amendment, but a public vote secured its passage.