Email: VC firm Greenoaks warned founders of potential problems at SVB in November 2022; a source says over 12 portfolio companies withdrew ~$1B in recent months
Venture investment firm Greenoaks Capital Partners warned its startup founders of potential problems at SVB Financial Group's Silicon Valley Bank …
Silicon Valley Bank launches a $2.25B share sale after losing ~$1.8B on its ~$21B of US Treasuries and mortgage-backed securities
Technology-focused lender suffered loss on $21bn portfolio of Treasuries and mortgage-backed securities — Silicon Valley Bank has launched a $2.25bn share sale …
SEC filing: in a letter to Twitter, Elon Musk revives his original bid for $54.20 per share, aiming to avoid a courtroom fight
Elon Musk is proposing to buy Twitter Inc. for the original offer price of $54.20 a share, Bloomberg News reports.Musk made the proposal in a letter to Twitter …
Elon Musk's revived $44B Twitter acquisition could rely on $12.5B from banks at a time when offloading risky debt is difficult, potentially leading to losses
Bloomberg :
Twitter appoints Elon Musk to its board after Musk purchased a 9.2% stake in the company; Musk cannot own more than 14.9% of Twitter while on the board
- Elon Musk will join Twitter's board of directors after taking a 9.2% stake in the social media company, according to a release filed with the SEC.
Amazon's board of directors approve a 20-for-1 stock split and Amazon says it plans to buy back up to $10B in shares; stock rises 6% after hours
Market summary: 📊 — Another excellent … Robert Hum / CNBC : Amazon stock split could set it up for being included in the Dow Industrials Tim Levin / Insider : Amazon surges after...
Meta beats with Q4 revenue of $33.67B vs. $33.4B est., up 20% YoY, 2.91B MAUs, up 4% YoY, but misses with EPS of $3.67 vs. $3.84 est.; stock down 20%+
- Facebook earnings came in below expectations for the fourth quarter, and the company said numerous challenges are ahead in the first quarter.
Oracle confirms it is part of a proposal submitted by ByteDance to the US Treasury to become TikTok's “trusted technology provider”
Jordan Novet / CNBC :
In an open letter to CFIUS, Senator Josh Hawley says US should reject Oracle-ByteDance collaboration citing national security grounds and calls for a full sale
The deal is ‘completely unacceptable,’ Hawley says — Sen. Josh Hawley is publicly calling on the Treasury Department …
Sources: Apple, Disney, and others participated in a White House call over the potential WeChat ban, arguing it could undermine their competitiveness in China
Companies including Apple, Disney and Walmart participate in call with White House over action against China's most important app
With top 100 brands contributing only an estimated 6% of Facebook's revenue and Zuckerberg's voting control over the company, ad boycott's impact may be limited
(CNN)For years, Facebook (FB) has been viewed as one of the only truly indispensable digital advertising platforms for big …
Unilever says it will halt US advertising on Facebook and Twitter for at least the remainder of 2020, citing hate speech and divisive content on the platforms
to the point where it has de-indexed entire countries rather than do so — but that dam broke this week. Why? https://www.cjr.org/... Alexia Bonatsos / @alexia : Facebook on the oth...
Zuckerberg says Facebook will now label content that violates its rules but was left up because it was deemed newsworthy and of public interest
Three weeks ago, I committed to reviewing our policies ahead of the 2020 elections. That work is ongoing, but today I want to share some new policies …
Unilever says it will halt US advertising on Facebook and Twitter for at least the remainder of 2020, citing hate speech and divisive content on the platforms
like @NAACP — and Internet activists, namely @slpng_giants, who have figured out how to leverage social media to trigger corporate action. That's new. https://twitter.com/... Tyler...