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Stocks Rebound, Have Best Day Since 1933

By Kevin Dugan
· · Source: The Information

The Dow Jones Industrial Average rose 11% on Tuesday, its best day since 1933, as Congress and the White House appeared to be getting closer to passing a stimulus deal worth at least $1.6 trillion. While lawmakers haven’t settled on all aspects of the bill, drafts of the legislation have included zero-interest loans to businesses that keep their employees and as much as $7,500 per family to pay...

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Podcast
The Information’s 411 — Are You There, Pod? It’s Me, Spotify
By Tom Dotan · March 27, 2020 4:29 PM PDT

Jessica Toonkel talks about why Spotify decided to go on a spending spree to get into the podcasting business. In the past year the company has made a number of expensive acquisitions, buying podcasting production companies and tech platforms in an effort to build its ad revenue. We discuss how this can pay off for the company, and how long it could take to show results.

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Google Pledges More Than $800 Million to Virus Relief
By Nick Bastone · March 27, 2020
WeWork Competitor Knotel Lays Off, Furloughs Half of Staff
By Cory Weinberg · March 27, 2020
Scooter Rental Startup Bird Lays Off 30% of Workforce
By Martin Peers and Cory Weinberg · March 27, 2020
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Venture Capital Startups
Virus Begins Separating Strong Startups From Weak
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While it will take months to understand the full impact of the coronavirus on the startup economy, evidence of its grim toll is already beginning to mount.
Startups
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