META

2 related stories

Asia

ByteDance shelves IPO as China's first $1 trillion private valuation looms

TikTok parent ByteDance has hit a $900 billion valuation in secondary market trades and is expected to cross the $1 trillion threshold next quarter. The firm is choosing to remain private and has shelved its IPO plans. Goldman Sachs and Tiger Global increased their stakes in the latest round.

Nikkei Asia·4 h ago·META ORCL GS

North America

AI buildout pushes Microsoft, Meta and Google into bond markets

Microsoft, Meta and Alphabet are draining cash reserves and turning to debt markets to fund their massive data-centre buildouts, forcing equity investors to track corporate bond spreads and interest-rate sensitivity for the first time in years. Strategists at Bank of America and Citi warn the AI capex cycle now ties Big Tech equity valuations to long-term rates.

CNBC Top News·1 d ago·MSFT META GOOGL