Snap said Thursday it would raise $750 million in a convertible note offering, beefing up its cash reserves with what is likely to be inexpensive debt. The move comes a day after Snap reported better than expected earnings for the first quarter, sending its stock price up roughly 30%. The company said it would use the money to cover expenses, “general corporate purposes,” and to potentially...
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U.S. Tech Should Support TikTok at This Moment
If Steve Martin were to remake his 1984 film “Lonely Guy” this year, he could center it around Shou Zi Chew, CEO of TikTok. It’s a paradox that the executive leading one of the most popular apps in the U.S. is basically on his own as he fights the threat of a ban from both the Biden administration and congressional opponents. The few people who have publicly come out in support of TikTok...
Kraken To Suspend ACH Transfers
Coinbase Says it Received Wells Notice From SEC
Virgin Orbit Nears $200 Million Funding Deal
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