Sign up to receive 5 free days of our daily summary for tech news.

Celebrate our 5th anniversary and—for one week only—get the best tech and business reporting for $100 off—just $299/year.

Read this article for free.

Already a subscriber? Log in here

Entertainment

Why Snap Should Tap Apple or Tencent for Cash

Snap built a business on messages that disappear. But to keep the business going it needs to make sure its cash doesn’t.

The company burned through $1.1 billion in the last five quarters, just on running its business (it spent more cash on acquisitions). At that rate, and with just $1.8 billion left, Snap will likely need to raise more money in the next 18 months. In a little-noticed securities filing on May 1, the company said it may try to raise money by selling shares or debt. It was a standard filing and doesn’t mean Snap is looking to raise money anytime soon. Even so, the filing was a reminder of Snap’s cash needs.

What Is The Information?

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting, stories, and exclusives you won't read anywhere else from the largest newsroom in tech.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Go deep into areas like crypto and VC diversity—or get real-time analysis of breaking news—via conference calls with our reporters and other experts.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, subscribers get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

Access the best reporting on the tech industry read by tens of thousands of global executives.

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Share with your team

Subscribers can unlock any article and share it with friends and co-workers through a special share link.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.

Already a subscriber? Log in here

Recent Articles

Facebook Entertainment

The Tech Industry: 2013 through 2018

By Jessica E. Lessin

Google

Google CEO Sundar Pichai’s Year Under Fire

By Sarah Kuranda

Asia Google

How the Chinese Government Is Helping Google Sell Ads in China

By Wayne Ma

Asia Google Cloud

Google and Tencent Secretly Explore Cloud-Computing Cooperation

By Juro Osawa

Snap’s cash dilemma just adds to challenges facing the young company little more than a year after it went public.