Archive

E-Cigarettes Get Investors

SMOKIN’

Sean Parker backs battery-powered smokes.

Is tobacco going digital? Sean Parker, the guy behind Napster and of Facebook fame, along with other Silicon Valley investors are placing a $75 million bet on Arizona based e-cigarette manufacturer NJOY Inc. At the same time, Big Tobacco is stepping up its game as Altria Group and Reynolds American are expected to begin a rollout of their own e-cigarettes.

Read it at The Wall Street Journal

Got a tip? Send it to The Daily Beast here.