Stocks Rebound, Have Best Day Since 1933
Wall Street rallied on hopes that Congress will pass a broad stimulus package amid the worsening coronavirus pandemic
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Amazon Execs Including Bezos Sold Stock Ahead of Market Plunge
They saved themselves from significant losses, on paper at least, when the market fell as the coronavirus pandemic spread.
DOJ, FTC Easing Antitrust Guidelines During Coronavirus Crisis
The Federal Trade Commission and the Department of Justice said Tuesday they would alter regular antitrust procedure due to the coronavirus pandemic.
Instagram Adds Co-Watching Video Feature
It’s the latest in a string of updates the Facebook-owned social app has added in the wake of the COVID-19 pandemic.
YouTube Defaults to Standard Definition Around the World
Netflix and Amazon Prime Video also reduced video qualities in Europe to cope with the spike in broadband demand amid the coronavirus outbreak.
Facebook to Buy Stake in Indian Telecom Reliance Jio
If it happens, the investment would signify the importance of India for Facebook’s future growth.
Oracle Talking to White House About Promoting Malaria Drugs for COVID-19
Oracle is talking to the White House about an online platform that may track using chloroquine for COVID-19, though the FDA hasn't approved it for that use.
Disney+, Other Streaming Services See Spike in Sign-Ups
It's a bright spot for the company whose business has been slammed during the coronavirus pandemic
Comcast Warns Coronavirus Could Have Material Impact on Business
Comcast warns that even its cable business may be affected by the coronavirus pandemic.
SoftBank Plans to Sell $14 Billion of Alibaba Shares
The move would be part of SoftBank's $41 billion asset sale aimed at funding a share buyback and reducing its debt.
Twitter Warns of Slowing Revenue Due to Coronavirus
Twitter is the first major, ad-driven tech company to adjust its earnings guidance due to the coronavirus, but it likely won’t the last.
Microsoft Teams Is Booming, but Capacity Questions Loom
Microsoft CEO Satya Nadella says more companies are using its workplace chat software to enable employees working from home to stay connected.
Instacart Announces Plans to Hire 300,000 Workers to Pick, Deliver Groceries
Instacart's workforce will more than double as a result of the hiring spree.
IOC to Postpone 2020 Tokyo Olympics, IOC Member Says
The postponement will mean a hit in revenue for the likes of Comcast's NBCUniversal, Discovery and Google and Facebook among others.
Sports-Heavy Streaming Service FuboTV Borrows at High Rates in Merger Deal
FuboTV was looking to raise money before the recent crunch but the terms of its deal with Facebank suggest it was under extreme financial pressure.
Tech Appeals to Congress for Gig Workers, Hosts
Congress is still working out the specifics of its coronavirus stimulus package, and technology platforms are among the groups asking not to be forgotten in it.
Disney to Raise $6 Billion in Debt
The bond offerings will help Disney stockpile cash to deal with the multiple effects of the coronavirus-caused economic downturn.
Stocks Fall as Congressional Stimulus Plan Fizzles
The stock market started what could be the fifth straight week in the red after the Federal Reserve unveiled an unlimited stimulus program
Antitrust Probe Into Google Remains a Priority, Barr Says
The attorney general suggested the DOJ's initial investigation into Google could conclude by summer, despite the impact of coronavirus.
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