ByteBrief
We're a portrait publication through and through. Turn your phone back and your briefing picks up right where you left it.
(We tried widescreen once. It wasn't us.)
Meta Platforms Inc. credit risk hit a record high Thursday as AI spending plans reignited fears of more debt. Five-year credit default swaps rose 8.9 basis points to 119.3 basis points, the highest level since active trading began about a year ago.
Tap to vote and see what everyone thinks.
Summary by ByteBrief
SoftBank Credit Risk Hits 4-Year High

Meta expects its 2026 capex to be $135B-$145B, vs. $130B-$145B previously, and forecasts Q4 revenue of $73B-$76B, vs. $73.6B est.; META jumps 3%+ after hours (Riley Griffin/Bloomberg)

Meta Revenue Surges While Profit Drops