META falls over 6%, market cap evaporates by $100 billion, spending commitments rise to about $825 billion

BlockBeats news, October 22, according to BIT(bit.com) market data, META fell more than 6% in early trading, with $100 billion in market value evaporated.

Meta disclosed future spending commitments of approximately $825 billion as of the end of September, a sharp jump from $700 billion in July, covering $355.7 billion in data center leases and $454.5 billion in contracts including cloud computing power. On Thursday, its five-year CDS price rose to about 119.3 basis points, the highest since listing, and its bonds weakened significantly relative to U.S. Treasuries. CDS for Oracle, Microsoft, and Broadcom also rose in tandem, as market vigilance over debt risks in the tech industry continues to spread.