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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. Snap plans to use the funds for “general corporate purposes,” and possibly “to acquire complementary businesses, products, services, or technologies,” the news outlet said. .

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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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Global Automotive Blockchain Revving Up?

PYMNTS

billion by 2026. According to the report, distributed ledger technology (DLT) will continue to rise, along with what BIS touted as “the myriad” number of benefits that accrue with that technology. The advantages extend from transparency to security and, of course, immutability. Securities Offerings, Too.

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Amazon Vs. Alibaba: How The E-Commerce Giants Stack Up In The Fight To Go Global

CB Insights

The e-commerce giants are capitalizing on three important trends: Global financial systems are going digital and mobile. Research from Morgan Stanley projects the online retail market will explode from $15B in 2016 to $200B in 2026. Capturing market share and becoming profitable will take mass amounts of scale and capital in India.