OneWeb, the SoftBank-backed satellite startup, is considering filing for bankruptcy, Bloomberg reported , the latest sign of stress on startups in SoftBank’s portfolio. Bloomberg said OneWeb, which raised $1 billion from SoftBank in 2017, was facing a “cash crunch,” and was reviewing various options. Other SoftBank-backed companies have laid off staff in an effort to cut costs. Bloomberg...
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Musk’s Twitter Has Just 180,000 U.S. Subscribers, Two Months After Launch
Around 180,000 people in the U.S. were paying for subscriptions to Twitter, including Twitter Blue, as of mid-January, or less than 0.2% of monthly active users, according to a document viewed by The Information. The tiny number signals the challenge Elon Musk faces in turning the subscription product into a major source of revenue. The U.S. number is about 62% of Twitter’s global...
Vox Media Raises $100 Million from Penske
Binance to Suspend U.S. Dollar Bank Transfers
Dell to Lay Off 5% of Staff
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