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  • 09.09.16

Morning intel: Facebook cofounder sinks $20 million into Clinton campaign, Venmo to add in-store payments

Facebook cofounder Dustin Moskovitz just donated $20 million to Hillary Clinton’s campaign, one of the largest donations in the 2016 campaign. Read Moskovitz’s Medium post explaining the decision. 

• Along with its parent company PayPal, Venmo will be introducing in-store payments within the first six months of next year, as per a Quartz report. 

Snapchat worked with Morgan Stanley to take out a new line of credit, Recode reports, though an IPO is likely still a year away.

• Jessica Alba’s Honest Company is reportedly in talks with Procter & Gamble and Unilever regarding a potential sale, according to Recode.PM