Cisco CFO Is Retiring, Revenue Drops 9%
Cisco announced its CFO Kelly Kramer plans to retire from the company, while also reporting that its quarterly revenue dropped 9%.
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Recent Editions
Airbnb Revenue Fell by About 72% in 2nd Quarter
While the big slide was less than some of Airbnb’s rivals, it underscores the challenges the company faces if the company goes public this year.
Female Founders Report Less Pandemic Runway, More Caregiving
Female founders report less runway and more time spent caregiving amid Covid-19.
Uber, Lyft May Temporarily Shut Down in California
Khosrowshahi's statement follows a court ruling earlier this week requiring Uber and Lyft to stop classifying their drivers as independent contractors.
Media Mogul Sumner Redstone Dies at 97
Redstone's death follows a long period where he was out of the public view, and his daughter Shari had taken control of his companies, Viacom and CBS (now merged.)
Tencent’s Earnings Boosted by Strong Online Games Revenue
Tencent's revenue from online games jumped as the pandemic caused internet users to spend more time at home playing games.
Apple Supplier Foxconn Reports Rising Profits Despite Slower Smartphone Sales
Foxconn said its second-quarter profit was $778.54 million, an increase of 34% over last year as telecommuting made up for falling phones sales.
Tesla Splits Stock 5-for-1 in Bid for Small Investors
The decision comes on the heels of a stock split by Apple, whose shares have also rocketed this year.
Venture Capital Investment Only Took ‘Modest’ Coronavirus Hit
VC-backed startups may have been 'spared from the worst of Covid-19,' says new academic study that counters early forecasts of the pandemic's impact.
TikTok Collected User Data in Violation of Google’s Android Policies
The data harvesting stopped around the same time the U.S. government opened a national security review of the popular video app.
Former Pinterest COO Alleges Gender Discrimination at Pinterest in New Lawsuit
Françoise Brougher is the third prominent employee to publicly accuse the social media giant of discrimination in recent weeks.
Scribd Buys SlideShare From LinkedIn
Slideshare brings more than 100 million users to Scribd's audiobook and e-book subscription service.
Biden Picks Kamala Harris as Running Mate
During her tenure as California’s attorney general, she viewed big tech as an ally.
Microsoft Delays Halo Game in Blow to New Xbox
Microsoft said it will delay the release of a new Halo videogame until next year, in a blow to the launch of an upcoming Xbox game console.
U.S. Court Rules for Qualcomm in Antitrust Appeal
A federal appeals court tossed out a Federal Trade Commission finding that Qualcomm violated antitrust laws.
Apple Signs Production Deal With Martin Scorsese
The deal is for television and movie projects made by his production company.
American Express in Talks to Buy Kabbage
The likely price would be below Kabbage's last valuation, signaling how the online lender's business has been hurt by the pandemic.
Airbnb Plans to File IPO Paperwork This Month
The home rental giant could list publicly by the end of the year.
Stripe Recruits General Motors CFO
Dhivya Suryadevara is joining the San Francisco tech company after over 15 years at GM.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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