Oyo, the SoftBank-backed hotel chain, is furloughing thousands of employees as the coronavirus pandemic cripples the travel and hospitality industry. CEO Ritesh Agarwal told employees in a video message Wednesday that revenue had dropped 50%-60% due to the outbreak, according to Bloomberg. The India-based startup had been struggling prior to the virus’s spread. Backed by a $1.5 billion...
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Will Apple Kill the Free Podcast?: The Information’s Tech Briefing

The podcasting industry as we know it is about to change. Plans by Apple to launch a subscription service for podcasts, as The Information reported today, portends a shift to a much more balkanized podcasting world. Instead of shows being broadly available for free on a variety of outlets, in the future podcasts will be attached exclusively for a price to specific outlets. It’s not only...
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