Meta has $43 billion in cash and cash equivalents as of December 2024 [0]. What is the reason for not using part of those reserves, and issuing debt instead, costing them hundreds of millions in fees to investment banks and bondholders?
Also, if they are issuing bonds to the public, does that mean that private lenders aren't lending any more?
Also, if they are issuing bonds to the public, does that mean that private lenders aren't lending any more?
[0] https://finance.yahoo.com/quote/META/balance-sheet/