Facebook’s $5 Billion FTC Settlement Approved by Court
A federal judge puts the final seal of approval on Facebook's record breaking penalty for violating its users’ privacy.
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China Orders Bytedance to Stop Downloads of Slack-Rival App
China's decision hurts Bytedance's efforts to expand into the enterprise market.
Slack Won’t Reopen Offices Before Sept. 1
The San Francisco-based company said the decision would protect employees and allow for more flexibility should another wave of the coronavirus hit.
AT&T CEO to Step Down
Randall Stephenson will step down as CEO in July and remain executive chair until January 21.
Intel Withdraws 2020 Forecast
Despite posting better-than-expected sales in the first quarter, shares in the chipmaker fell after its warning that it would pull its forecast for the year.
Google to Reportedly Cut Marketing Spending Up to 50%
The news sheds light on an internal email last week, in which Google CEO Sundar Pichai said the company would be “recalibrating” its marketing spending.
Congress Approves Another $310 Billion for Small Business
House passes legislation that adds $310 billion to the depleted Paycheck Protection Program.
House Antitrust Chair Calls for Merger Moratorium
Top Antitrust in the U.S. House calls for stop to most mergers during Covid-19 epidemic.
Microsoft: Azure Cloud Capacity Crunch Is Over
After limiting access to some Azure cloud services last month due to capacity shortage, Microsoft now says it has taken a number of steps to fix the issues.
Instacart Ramps Up Hiring – Again
The company will hire an additional 250,000 workers, after adding 300,000 last month.
Google Will Require All Advertisers to Verify Identities
Starting in 2018, Google made similar requirements for political advertisers.
Amazon Employees Used Data on Sellers to Compete With Them
Regulators have questioned whether Amazon unfairly competes with sellers on is own platform. This report will give their inquiries more fuel.
Apple AI Research Chief Goes Back to Academia
Russ Salakhutdinov, a Carnegie Mellon AI professor who has worked part-time at Apple since 2016, has left the company.
Snap to Raise $750 Million With Debt Offering
The convertible note offering will be Snap's second after raising over $1 billion last year.
Apple May Spurn Intel by Selling PC With Custom Processor Next Year
Apple’s efforts to design its own chips could hurt Intel, which currently supplies the company with CPUs for the Mac.
Expedia Seals Investment Deal, Names New CEO
The company is taking a $1.2 billion investment from two private equity firms as it grapples with plunge in travel bookings during the coronavirus pandemic.
WarnerMedia Reaffirms Support of Movie Theaters
Top AT&T Exec John Stankey yesterday had indicated WarnerMedia was exploring changes based on customer behavior and expectations when theaters reopen.
Quibi Marketing Exec Departs
Megan Imbres is leaving the mobile streaming service just weeks after it launched.
Didi Sees Overseas Business Beginning to Recover
Didi Chuxing's early signs of recovery outside of China could provide hope to Uber and Lyft, which have seen demand collapse in the wake of new coronavirus lockdowns.
Jeff Bezos Returns to Daily Oversight of Amazon
Amazon founder Jeff Bezos' return to managing Amazon's daily operations reflects how CEOs are responding differently to the outbreak of Covid-19.
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.
By providing your email, you agree to The Information’s Privacy Policy