Lululemon to Acquire Fitness Company Mirror for $500 Million
Mirror was most recently valued at roughly $300 million.
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Amazon to Pay $500 Million in One-Time Bonuses for Workers
Amazon said it will spend over $500 million on one-time bonuses for warehouse workers and delivery personnel as scrutiny of the company's labor practices grows.
Reddit Bans Pro-Trump Community With Hate Speech Policy Crackdown
The_Donald, a popular subreddit dedicated to President Trump, is among nearly 2,000 communities which were banned for violating Reddit's new policies against hate speech.
New York Times Pulls Stories From Apple News
The newspaper was already not participating with Apple’s premium subscription news service
Self-Driving Car Firm Argo Cuts 100 Employees at Newly Acquired Audi Unit
The latest autonomous vehicle layoffs represent collateral damage from M&A, not financial duress.
Google to Make Shopping Listings Free Atop Search Pages
Making listings free on search could attract more retailers, big and small, to start uploading more of their products onto Google Shopping.
Facebook Tailored Policies to Fit Trump’s Rhetoric
Facebook, concerned about a backlash from President Trump, altered its policies on misinformation and conservative news outlets to avoid a backlash.
Amazon Warehouse Workers in Germany Plan Strike
The strikes are another black eye for Amazon, which already has been stung by similar moves in the U.S. over working conditions amid the coronavirus.
Tiger Global Leads $750 Million Investment Into Chinese Online Tutor Zuoyebang
Investment into online education got a boost from the Covid-19 lockdown in China as students were forced to stay home.
SoftBank to Buy Back $1.87 Billion of Corporate Bonds
The move is part of SoftBank's effort to reduce its debt after the company reported a record annual loss in the last fiscal year.
Facebook Boycott Organizers Pledge to Go Global as More Brands Join Campaign
A growing number of companies including Levi's, Starbucks and Diageo said they would suspend advertising on Facebook despite changes to prohibit hate speech in ads.
Didi Chuxing Launches Robotaxi in Shanghai
Didi’s founder says it will take at least a decade before autonomous vehicle development passes critical tech, business and regulatory milestones.
States Want Search Included in Google Antitrust Case
As the Justice Department continues its Google antitrust probe, it is meeting with state prosecutors about the scope of the potentially landmark case.
Facebook to Label ‘Newsworthy’ Speech That Violates Its Rules
The move is a stunning reversal for Zuckerberg, who has in recent weeks criticized the idea of labeling controversial speech by public figures.
Alphabet Reportedly Close to Buying AR Glass Company North
The deal could help reinvigorate Alphabet’s efforts to release augmented reality hardware for consumers
Salesforce Invests in Cybersecurity Firm Tanium
The move puts Salesforce into more direct competition with SaaS provider ServiceNow, while also improving its cybersecurity portfolio.
Unilever Halts U.S. Ad Spend on Facebook, Twitter
By joining the boycott, Unilever could pressure other large advertisers like Procter & Gamble to follow.
Largest Black-Led VC Fund Base10 Partners Raises Another $250M
The automation-focused venture firm previously raised $137 million in 2018.
Microsoft Closes Stores Permanently
The software giant had operated the stores for 11 years, expanding into London only last summer.
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