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Opendoor, Seeking SPAC Merger, Lays Out Financial Picture

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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Exclusive Media/Telecom Google
Snap Names New Content Leader in Push to Counter TikTok
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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ByteDance Rival Kuaishou Gets Approval to Raise as Much as $6 Billion in Hong Kong IPO
Chinese Smartphone Xiaomi Unexpectedly Added to U.S. Blacklist
Playtika Prices IPO at $27
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How Blocking Trump Puts the Future of the Internet at Risk
Modest Proposals Policy Facebook
How Blocking Trump Puts the Future of the Internet at Risk
The move by social networks to deplatform President Trump last week was the right call. In reality, he left Facebook and Twitter no other choice.
Let’s Not Celebrate the Platforms for Kicking Trump Off
Opinion Facebook
Let’s Not Celebrate the Platforms for Kicking Trump Off
Calling for violence on social media is OK and spreading disinformation is fine, especially if you’re the president of the United States.
The Information’s Return to the Office Tracker
Startups COVID-19
The Information’s Return to the Office Tracker
Of the companies most opposed to continuing remote work after the pandemic fades, Netflix stands out for the intensity of its stance.
BuzzFeed Has Held Discussions With Rascoff’s SPAC
Exclusive Media/Telecom Entertainment
BuzzFeed Has Held Discussions With Rascoff’s SPAC
BuzzFeed has held discussions with at least one special purpose acquisition company, Spencer Rascoff’s Supernova Partners Acquisition Co., in a sign that it is actively exploring going public, say people familiar with the situation.
Can Mayor Francis Suarez Bring Silicon Valley to Miami?
Can Mayor Francis Suarez Bring Silicon Valley to Miami?
Rumors about who might be moving to Miami to escape the supposed decline of the San Francisco Bay Area are spreading faster than the VC funding buzz around hot tech startups.
Sequoia Buys Shares in Elusive Startup Zapier at Multibillion-Dollar Valuation
Exclusive
Sequoia Buys Shares in Elusive Startup Zapier at Multibillion-Dollar Valuation
Zapier isn’t a household name outside Silicon Valley, but the world’s top venture capitalists have long been trying to own a piece of the booming enterprise software firm.