Snap, the money-losing parent company of Snapchat, is issuing $1 billion in convertible debt for working capital and future acquisitions, CNBC reported Tuesday (Aug. 6). CEO Evan Spiegel outlined profitability goals for 2019 in a memo last year and as of June 30, the company...
March 18, 2024
With funding becoming scarce, European startups are reportedly turning to convertible debt. These increasingly complicated deals are becoming more and more popular for venture capital (VC)-backed firms, Reuters reported Monday (March 18), though they do risk eventually giving investors greater control. As the report notes, companies were able to conduct equity funding rounds at steep valuations when […]
August 07, 2019
Snap, the money-losing parent company of Snapchat, is issuing $1 billion in convertible debt for working capital and future acquisitions, CNBC reported Tuesday (Aug. 6). CEO Evan Spiegel outlined profitability...
