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Snapchat Parent Seeks Profits As It Raises $1B In Debt Securities

PYMNTS

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. Its stock is up 181 percent year to date. . Its stock is up 181 percent year to date. . The debt offering will take the form of convertible senior notes set to mature on Aug.

Security 115
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Apple Supplier Murata Anticipates 5G Phones To Top 500 Million

PYMNTS

We will continue making capital expenditure to keep up with the growing demand.”. Oppo and Vivo are vying to secure components for their devices, hoping to fill a void as Huawei’s mobile business shrinks under the weight of U.S. And by 2026, Ericsson said the 5G subscription number is now expected to top 3.5

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Snap Unveils Third Generation Of Spectacles

PYMNTS

In separate news, Snapchat’s parent company, Snap, is reportedly issuing $1 billion in convertible debt for working capital and future acquisitions. According to past reports, the debt offering will take the form of convertible senior notes set to mature in 2026. Its stock is up 181 percent year to date.

Video 101
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Global Automotive Blockchain Revving Up?

PYMNTS

billion by 2026. The advantages extend from transparency to security and, of course, immutability. In patent news, Capital One has filed an application with the U.S. Patent and Trademark Office that would leverage blockchain to secure user authentication efforts and boost security initiatives.

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TRENDING: Can Escrow Disbursements Ease Gig Worker Payment Woes?

PYMNTS

In the May edition of the Disbursements Tracker , PYMNTS highlights some of the notable disbursement developments changing the way employees get paid, such as with digital escrow tools, and how borrowers, including small- to medium-sized businesses (SMBs), can access capital through their debit cards and instant deposit services.

Trends 128
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Is India’s ATM Disappearing Act A Digital Payments Boon?

PYMNTS

That comes as eCommerce is slated to be worth as much as $200 billion by 2026 , according to Morgan Stanley estimates, growing at 30 percent, compounded annually. The recognition of a sea change in how India pays for what it buys is grabbing foreign interest and capital. Greenfield Opportunity For Payment Heavyweights.

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2021 Tax Proposals

TrustBank

Increase in the maximum long-term capital gains rate — The maximum capital gains rate would increase to 25% from the current rate of 20%. The income level that this capital gains rate bracket applies to would be aligned with the new 39.6% This was otherwise scheduled to occur in 2026. rate bracket. Estate and gift tax.

Taxes 52