The financial prospectus for Opendoor, the largest instant home buyer, showed revenue declines alongside hefty losses as it looks to attract shareholder approval for a merger with Chamath Palahapitiya’s blank-check company. Opendoor’s revenue fell by 12% in the first half of 2020, thanks to a lower volume of home sales amid Covid-19, compared to the same period last year. The company said its...
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Snap Names New Content Leader in Push to Counter TikTok
Snap has promoted executive Ben Schwerin to be its new senior vice president of content and partnerships, a move that signals the company’s ambitions to compete more aggressively with TikTok and to cut more deals with media companies and app developers. As part of the change, Chief Strategy Officer Jared Grusd, who previously oversaw content and was Schwerin’s boss, will become a...
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