Slack’s Market Cap Dips Below $10 Billion
Slack was expected to benefit from more people working from home amid the coronavirus epidemic, but so far that hasn't happened.
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Uber, Lyft Continue Selloff as Market Rises
The ride-hailing stocks have fallen twice as much as the broader market, an indication investors see their business as devastated by the coronavirus and its social distancing impact.
Grubhub Temporarily Suspends Restaurant Commissions
The moratorium is on the first $100 million in commissions
Xerox Halts HP Takeover Campaign for the Moment
Xerox said it was suspending shareholder meetings and presentations in light of the coronavirus. It's a sign of the widespread impact the virus is having on the business world.
Stocks Regain Most of Ground Lost on ‘Black Thursday’
The rise followed the worst day for U.S. stocks in 32 years.
U.S. Senators Propose Bill to Ban Federal Employees From Using TikTok
The proposed bill ratchets up pressure on China’s ByteDance and comes amid the company's own efforts to dismiss perception that its influenced by Beijing.
Apple Reopens China Stores After Nearly Six-Week Closure
Apple’s move indicates the worst might be over in China, where the number of new coronavirus infections has dramatically slowed.
SoftBank Announces Share Buyback Amid Stock Market Crash
Despite the buyback, SoftBank's share price fell sharply along with Japan's stock market, as coronavirus fears continued to fuel a sell-off.
Defense Department to Reconsider Amazon Cloud Contract
In a coup for Amazon, the Pentagon will reconsider the company's bid for a $10 billion cloud computing contract, which it had awarded to Microsoft.
Bookings Plummet for Airbnb, Other Short-Term Rental Sites in March
Two analytics firms that amass data from short-term rental sites have started to show some of the damage.
Slack Shares Drop More Than 20% After Q4 Earnings
Results are a contrast to other companies that enable remote work, like Zoom Communications, whose shares have surged in recent weeks.
Disneyland to Shutter After Initially Getting Exemption
Governor initially said the park was exempt from the ban because they have "complex" and "unique" circumstances
Another Veteran Amazon Executive Departs
Maria Renz, the woman behind Amazon's one-day delivery program, is joining the online lender SoFi.
U.K. Imposes Digital Services Tax
The U.K. government will start implementing a digital services tax on April 1, angering US lawmakers.
NBCU, ViacomCBS, Fox Cancel Live Upfront Presentations
The decision to do upfront presentations virtually could become the new normal.
Coronavirus Closes U.S. Capitol, House, Senate to Public
Starting Thursday, the U.S. Capitol and all Senate and House buildings will be closed to the public in response to the spreading coronavirus.
Stocks Plummet 10%
Selling accelerated Thursday as the market reacted to President Trump’s efforts to address the spread of coronavirus. The Nasdaq is now down more than 25% since Feb. 19
ByteDance’s Management Changes Allow Founder to Focus on Global Expansion
The changes come as the Chinese owner of TikTok is trying to generate more revenue from overseas markets.
U.S. to Suspend Travel From Europe Amid Coronavirus Pandemic
This deals another blow to online travel companies that are struggling to cope with travel restrictions and cancellations all over the world.
NBA Suspends Season After Player Tests Positive for Coronavirus
The move will have ramifications for ABC, ESPN, TNT and Chinese internet giant Tencent, which have paid billions of dollars for the rights to broadcast games.
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