Snap to Raise $750 Million With Debt Offering
The convertible note offering will be Snap's second after raising over $1 billion last year.
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Recent Editions
Apple May Spurn Intel by Selling PC With Custom Processor Next Year
Apple’s efforts to design its own chips could hurt Intel, which currently supplies the company with CPUs for the Mac.
Expedia Seals Investment Deal, Names New CEO
The company is taking a $1.2 billion investment from two private equity firms as it grapples with plunge in travel bookings during the coronavirus pandemic.
WarnerMedia Reaffirms Support of Movie Theaters
Top AT&T Exec John Stankey yesterday had indicated WarnerMedia was exploring changes based on customer behavior and expectations when theaters reopen.
Quibi Marketing Exec Departs
Megan Imbres is leaving the mobile streaming service just weeks after it launched.
Didi Sees Overseas Business Beginning to Recover
Didi Chuxing's early signs of recovery outside of China could provide hope to Uber and Lyft, which have seen demand collapse in the wake of new coronavirus lockdowns.
Jeff Bezos Returns to Daily Oversight of Amazon
Amazon founder Jeff Bezos' return to managing Amazon's daily operations reflects how CEOs are responding differently to the outbreak of Covid-19.
Indonesia’s Gojek Buys Payments App Moka
Even as Southeast Asia's economy staggers from Covid-19, ride-hailing and online services apps Grab and Gojek continue to battle for regional supremacy.
Apple Patches Vulnerability in iPhone and iPad Email
ZecOps said it expects hackers to ramp up efforts to exploit the flaws it found until a new software patch is rolled out by Apple.
Bill Gurley Won’t Be Part of Benchmark’s Next Fund
Gurley, who has been at Benchmark for more than 20 years, is best known for his early investments in Uber, Zillow and Stitch Fix.
Self-Driving Truck Developer ‘Ike’ Lays Off 14% of Staff
Autonomous vehicle developers continue to make moves to lengthen their cash runway.
Zoom Takes Aim at Malicious Users in Software Update
New features include upgraded data encryption and a "waiting room" feature that is aimed at preventing malicious users from wreaking havoc on meetings.
Magic Leap to Lay Off Around 1,000 Employees
The hyped maker of augmented reality headsets is restructuring to focus on selling to businesses instead of consumers.
Netflix to Tap Bond Market for Another $1 Billion
Netflix is raising money at an opportune time, as its subscriber growth has been juiced by pandemic related quarantines.
AT&T Sees Hit to Advertising, Theatrical Revenue Due to Coronavirus
AT&T anticipates further declines in pay TV subscribers in the second half of the year as people cut costs due to the economic downturn
Vice Planning Document Cites Hundreds of Potential Layoffs
Vice, like its peers, has to plan for worst-case scenarios as the coronavirus pandemic causes mass declines in advertising
Fortnite Maker Epic Games Seeks Up to $1 Billion in New Funding
The fundraising might help it meet increased demand for its games and services amid the coronavirus outbreak.
Facebook Invests $5.7 Billion for Stake in India’s Jio
The investment in Jio is Facebook’s largest to date and more than it paid to buy Instagram and Oculus, the VR headset maker, combined.
Expedia Likely to Sell Stake to Apollo, Silver Lake
The troubled online travel firm is discussing a deal to raise $1 billion from private-equity firms.
GM Shuts Down Car-Sharing Service as Covid-19 Accelerates Industry Struggles
Maven is the latest "sharing economy" victim of Covid-19's quarantines but it was already on its last legs.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy