Snowflake, a cloud database startup that has raised nearly $930 million, announced it is replacing its CEO Bob Muglia with Frank Slootman, an enterprise tech veteran who was previously CEO at SaaS company ServiceNow and storage company Data Domain. Mr. Muglia, who joined Snowflake as CEO in 2014 when it launched its first commercial product, has done a good job building the company’s business...
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Watching for Peak SPAC: The Information’s Tech Briefing
Have we hit peak SPAC yet? You could have asked that question any day over the past few weeks, or months. But lately things truly seem to be hitting a new level. Four new SPAC mergers were unveiled today alone, according to SPACInsider. Adult entertainment service Stripchat said it was planning a SPAC. We reported that a Chinese private equity firm was planning a SPAC. Underlying the SPAC...
Facebook Bans Myanmar Military Accounts After Coup
Hong Kong Tycoon Li Ka-Shing Plans to Launch SPAC
ViacomCBS Debuts Paramount+
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