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Apple COVID-19

Apple, Tesla Working on Face Shields, Ventilators

By Wayne Ma
· · Source: The Information

Apple and Tesla are contributing to the fight against Covid-19 by designing their own face shields and ventilators. These moves are an opportunity for big tech firms to transform their standing in the industry by making them more appealing to top talent and less threatening to regulators.  Apple CEO Tim Cook said Sunday on Twitter that in addition to purchasing 20 million masks through its...

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Why Uber’s Postmates Deal Doesn’t Deserve Celebration: The Information’s Tech Briefing
By The Information Staff · July 6, 2020 5:47 PM PDT

Uber's 6% stock price rise on Monday suggests investors like the company's $2.65 billion acquisition of Postmates. And it is, in theory, a way to shore up Uber Eats' restaurant food delivery in some U.S. cities and consolidate the market.

But investors should curb their enthusiasm. Postmates’ share of the U.S. market in recent years has fallen—it dropped to 7% from ...

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