Big Tech

Twitter Inc has raised $1.8 billion in convertible note offering

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Twitter Inc (NYSE:TWTR) CEO Dick Costolo raised $1.8 billion in a convertible bond offering earlier this week. This is up from the $1.3 billion amount that it planned on raising. The bond offering is based on five years with the notes due in 2019 and a 0.25% interest rate. The seven-year 2021 notes have a 1% interest, which are payable semi-annually in March and September. The conversation rate is around 12.8793 shares per $1,000 in principal. This amount is equal to around $77.64 per share. Twitter will be using $112.3 million to pay the cost of hedges intended to offset any dilution eventual conversion of the notes, according to Forbes.

Report: Apple Inc. spent over $100 million on free U2 album

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Earlier this week, Apple Inc. (NASDAQ:AAPL) announced the iPhone 6. At the end of the iPhone 6 launch announcement, Apple CEO Tim Cook and U2 lead singer Bono said that the new album will be distributed for free of charge to the approximately 500 million people that have iTunes.

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Apple Inc. confirms iPhone 6 and iPhone 6 Plus breaks records

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On Friday, Apple Inc. (NASDAQ:AAPL) said that the sales of the iPhone 6 and iPhone 6 Plus broke some records. The new iPhones beat the previous overnight preorder record, according to a statement sent to Re/code.

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Google Inc invests $145 million in solar plant

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Google Inc (NASDAQ:GOOG) is investing $145 million in a Southern California solar project, which could generate enough energy to power 10,000 homes. The 82-megawatt power plant will be built on top of an oil and gas field in Kern County, California as part of a deal with SunEdison — which should generate 650 local jobs. This is Google’s 17th investment in renewable energy since 2010 at over a total of $1.5 billion. “We’re continually looking for newer, bigger and better projects that help us create a clean energy future,” said Google in a blog post.

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Facebook Inc is testing out self-destructing posts

On Mission: Impossible, the missions are provided on tapes that self-destruct after five (or ten seconds). Now Facebook Inc (NASDAQ:FB) is testing something similar with statuses. In the future, you may be able to schedule posts for deletion. The length of time can be set.

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Rumor: Microsoft Corporation is acquiring Minecraft maker for $2 billion

Minecraft
Microsoft Corporation (NASDAQ:MSFT) is rumored to be in talks to acquire Mojang AB, the company behind the Minecraft video game franchise. This deal would value Mojang at over $2 billion, according to The Wall Street Journal.

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Amazon.com, Inc. has launched a Drone Store

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Amazon.com, Inc. (NASDAQ:AMZN) has launched a Drone Store. The Amazon Drone Store sells drones and related accessories. The Drone section includes recreational and photography-based drones. The Drone Store includes cases, batteries, and propellers. There is a “Buying Guide” and “Fly Responsibly” section on the Amazon Drone Store. These sections have flying tips and safety codes from the Association for Unmanned Vehicle Systems International and the Academy of Model Aeronautics. Last year, Amazon.com announced a new project called Prime Air. Prime Air is a moonshot project to deliver packages by UAVs.

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Terry Crews lends his voice to Waze

Terry Crews
Terry Crews, an actor and Old Spice spokesman, has lent his voice to Google’s navigation app Waze. Crews’ voice in Waze is leading up to the season two premiere of “Brooklyn Nine Nine” on September 28th. Crews’ character on the show is Sgt. Terry Jeffords. You can add Crews’ voice to the app by selecting Settings > Sound, and “English (US) – Terry Crews” in the app. Waze has over 50 million users worldwide and is available in over 30 languages.

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