Wednesday, May 25, 2022

Oh Snap! Social media stocks lose billions after Snapchat parent warning

The company was on track to lose $15 billion in market capitalization, while shares of major online advertisers and social-media firms were set to lose a combine $200 billion in value from the rout.

from Tech-Economic Times https://ift.tt/0h4vlZJ

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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...