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Transportation Weekly: Polestar CEO speaks, Tesla terminology, and a tribute
Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch . This is the fourth edition of our newsletter, a weekly jaunt into the wonderful world of transportation and how we (and our packages) move. This week we chat with Polestar CEO Thomas Ingenlath, dig into Lyft’s S-1, take note […]
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TechCrunch Conversations: Direct listings
Last April, Spotify surprised Wall Street bankers by choosing to go public through a direct listing process rather than through a traditional IPO. Instead of issuing new shares, the company simply sold existing shares held by insiders, employees and investors directly to the market – bypassing the roadshow process and avoiding at least some of Wall […]
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Hulu is thriving thanks to its larger content library
Image: hulu Talk about fighting Fyre with Fyre. In a surprise turn of events, Hulu has released its Fyre Festival documentary, Fyre Fraud, just four days before its competitor, Fyre: The Greatest Party That Never Happened, is due to begin streaming on Netflix. Stealing more than some of Netflix’s publicity thunder on social media, Hulu’s […]
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Netflix hires Activision CFO & former Disney exec Spencer Neumann as its new CFO
Netflix has officially confirmed the hiring of its new Chief Financial Officer Spencer Neumann, formerly CFO at Activision Blizzard. The announcement directly follows reports from Reuters and The Wall Street Journal, which said Netflix had poached Neumann from Activision and would start him in his new position this year. CNBC on Wednesday reported Neumann had been fired from Activision two days […]
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The highest-flying consumer tech stocks have lost $1 trillion
Another day, another stock market setback for once high-flying technology companies, which have lost roughly $1 trillion in the latest stock market slide. Shares of the core group of consumer technology companies, including Facebook, Amazon, Apple, Alphabet and Netflix, are falling again — contributing to the big indexes like the Dow Jones Industrial Average and the […]
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Netflix to raise $2 billion in debt to fund more original content
Netflix’s commitment to growing its original content collection will see the company again returning to debt markets to raise more financing, the company announced today. According a release published to its investors site, Netflix says it plans to raise $2 billion to help fund new content, including “content acquisitions, production and development, capital expenditures, investments, […]