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Blue Whale TMT Channel News on August 10, Facebook parent company Meta said it has raised $10 billion in its first bond offering, with bond maturities ranging from 5 to 40 years, the funds will be used to buy back stock to Invest in improving your business.

It is reported that this is the first time that Meta has issued bonds. At present, Meta’s cash reserves are dwindling. Issuing bonds can make finances healthier while providing funds for investment.

Some analysts believe that the funds raised by Meta will be used for its metaverse development. Nick Clegg, the company's vice president of global affairs, has said that the company will spend billions on Metaverse research, with a focus on VR and AR technology through Facebook Reality Labs.

Not long ago, Meta announced its second-quarter financial report: the company's second-quarter revenue was $28.822 billion, down 1% year-on-year, and the market expected $28.94 billion; net profit was $6.687 billion, down 36% year-on-year. This is the first time Meta has ever seen a year-over-year quarterly revenue decline.