Snap looks to raise $1 billion in private debt offering

Snap, the parent company of Snapchat, is looking to add some cash to its coffers via a new proposed private offering of $1 billion in convertible senior notes, with a due date for maturation of August 1, 2026. The debt offering will be used to cover the cost of general operating expenditures involved in running […]

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Amazon shareholders reject facial recognition sale ban to governments

Amazon shareholders have rejected two proposals that would have requested the company not to sell its facial recognition technology to government customers. The breakdown of the votes is not immediately known. A filing with the vote tally is expected later this week. The first proposal would have requested Amazon to limit the sale of its […]

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Interest rates and fears of a mounting trade war send tech stocks lower

Shares of technology companies were battered in today’s trading as fears of an increasing trade war between the U.S. and China and rising interest rates convinced worried investors to sell. The Nasdaq Composite Index, which is where many of the country’s largest technology companies trade their shares, was down 219.4 points, or 3%, to 7,028.48. […]

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