Snap skips employee bonuses; Hulu buys Madison Square Garden Theater naming rights; and StartEngine launches first regulated ICO.
Snap Inc. employees won’t get cash bonuses after missing internal goals, Bloomberg reports. Snap did not define its internal goals for its employees, according to several sources.
Hulu Buys Madison Square Garden Theater Naming Rights
Hulu has inked a multiyear marketing pact with the Madison Square Garden Co., which includes naming rights to the arena complex’s 5,600-seat theater, Variety reports. The MSG theater will now be known as “The Hulu Theater at Madison Square Garden,” with signage slated to be installed in and around the venue on Thursday.
StartEngine Launches First Regulated ICO
StartEngine Crowdfunding Inc. announced on March 1 that it launched Overstock.com subsidiary tZERO.com Inc. as the first regulated initial coin offering on its platform, according to a press release. The company claims the offering was in compliance with Rule 506(c) under the Securities Act, in a sale limited to accredited investors. tZERO’s offering is for $250 million, with an option to upsize to $300 million, and is available until May 14, 2018.
