Snapchat takes on credit line, Honest Co. in sales talks, Elon Musk says SpaceX’s explosion investigation is complex, and more.
Snapchat Takes on Credit Line
Snapchat has opened a line of credit with Morgan Stanley, according to sources cited by Bloomberg. The credit facility will allow the Venice-based company to fund its growth without diluting the ownership of its equity holders.
Honest Co. in Sales Talks
Organic household goods e-retailer Honest Co. is talking with potential buyers, according to sources cited by Recode. Sources indicated that the buyer is likely to be a big consumer product company such as Procter & Gamble or Unilever.
Elon Musk Says SpaceX’s Explosion Investigation Is Complex
Elon Musk wrote on Twitter that Space Exploration Technology Corp.’s investigation into the explosion of its Falcon 9 rocket on the landing pad is proving to be difficult and complex, reports CBS News. Musk said that because the rocket explosion happened during a routine fueling operation, the trigger of the fireball remains elusive.
Belkin Works Closely with Apple on iPhone 7 Charger, Headphone Jack
Belkin launched an iPhone 7 dock that allows users to charge their phone while listening to music through the phone’s single Lightning port for $40, reports MacRumors. The Lightning Audio + Charge RockStar was developed “closely” with Apple, according to Belkin.
Zenvoy Launches Business Matching Platform
Zenvoy has launched a matching platform to introduce people with mutual business interests, according to a press release. The platform focuses on associations, conferences and professionals to match business persons with mutually beneficial needs.
Technology reporter Garrett Reim can be reached at [email protected]. Follow @garrettreim on Twitter for the latest in L.A. tech news.
