Facebook has suspended promotions for its corporate employees for the rest of the year, The Information has learned. The decision to pause promotions in 2020, announced internally to employees Wednesday, comes after Facebook said last week it saw a “steep decrease” in ad sales during March, followed by flat yearly revenue growth in April. Facebook ended the first quarter with 48,000 full-time...
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KKR Has Considered Buying Venture Lender to Expand Startup Debt
Private equity giant Kohlberg Kravis Roberts & Co. is looking to expand its lending to venture-backed startups and has considered buying a venture-focused lender or recruiting a team of professionals focused on such deals, people familiar with the talks told The Information. Some KKR rivals, including Blackstone, have been making a similar push into venture debt, anticipating that tech...
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