Meta Platforms (NASDAQ:META), contemplating its very first bond sale, has asked financial institutions to host investor meetings in preparation for such an issue.
According to Bloomberg, the company has reportedly asked Morgan Stanley, JPMorgan Chase, Bank of America, and Barclays to put up fixed-income investor calls. If the calls are successful, the company may decide to issue senior unsecured debt.
According to the research, Meta is one of just 18 companies included in the S&P 500 with no outstanding debt other than lease commitments. However, it has the potential to issue as much as $50 billion worth. In addition, both S&P and Moody’s have awarded the business with investment-grade status, indicating that it is a solid financial investment.
In its earnings report for the second quarter, Meta stated that as of the conclusion of the second quarter, the company had $24.3 billion available for use in stock repurchases.
In the meantime, the firm has announced that because of its shift toward short-form video, Facebook Live Shopping will be discontinued as of October 1. It was communicated to business clients that although they will still be able to use Facebook Live for events, they will not be allowed to construct “product playlists” or tag items in the videos. This information was included in a message sent to business customers.
The announcement led to a significant increase in Shopify’s price.
According to the firm, “as consumers’ viewing behaviors are shifting to short-form video, we are shifting our focus to Reels on Facebook and Instagram, Meta’s short-form video product,” which is Meta’s short-form video product. “Reels” may be found on both Facebook and Instagram.
“If you want to reach and engage people through video, try experimenting with Reels and Reels ads on Facebook and Instagram,” where it notes that businesses can tag products for discovery.
On November 1, 2021, the company began hosting Live Shopping events on both Facebook and Instagram.
With a gain of 5%, Meta (META) is currently in first place among the group of advancing communications and major technology stocks today. The stock is still down more than 50% since the beginning of the year.
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