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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startups venture capital
Six Investors Chasing Debt Deals During the Downturn
With equity investors dialing back and public markets frozen over, startups that need to raise money are short of options. A range of lenders is lined up to pounce, offering pricey loans. For startups, the question is whether the money is worth the cost. Coatue Management, Viking Global Investors and Owl Rock have already done a string of smaller deals with startups that had to abort initial...
Elon Musk claims Neuralink human trial is six months away
TSMC to Make More Advanced Chips in U.S. Plant
Sam Bankman-Fried Denies Knowingly Dipping Into Customer Assets
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