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Meta readies $25B bond sale as soaring AI costs trigger stock sell-off

(www.ft.com)
113 points 1vuio0pswjnm7 | 3 comments | 02 Nov 25 05:33 UTC | HN request time: 0s | source
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mdhb ◴[02 Nov 25 06:00 UTC] No.45788127[source]▶
If Meta manages to die in the coming AI apocalypse it will make me extremely happy. They are an absolute cancer on society.
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1. zkmon ◴[02 Nov 25 06:15 UTC] No.45788179[source]▶
It used to have some survival instincts. It was gobbling young companies such as whatapp and insta to keep itself alive. But with metaverse they lost the plot and now desperate to cling on to AI wave. Yep, this dino is gone.
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2. ares623 ◴[02 Nov 25 06:42 UTC] No.45788286[source]▶
Not even a cloud platform to keep it going indefinitely. At least IBM had enterprise customers.
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3. esseph ◴[02 Nov 25 09:06 UTC] No.45788896[source]▶
You say that like IBM is gone. They are an enterprise platform and cloud giant (tooling), among many other things. (Quantum, O/T division, etc.)