Target Acquires Deliv’s Tech Assets
Target is acquiring the assets as Deliv shuts down its operations, a sign of the challenges of making same-day delivery a profitable business
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India’s Jio Secures $1.5 Billion From Private Equity Firm
Jio, the digital arm of Reliance Industries, transformed India by spending billions to offer cheap, high-speed cellular data to hundreds of millions of users.
WeChat Gathers Data From Overseas Users for Chinese Censorship
The findings by Canadian security research group Citizen Lab reinforces the widespread belief that Tencent’s WeChat isn’t secure even outside of China.
Tesla to Restart California Plant Friday
Tesla’s U.S. plant could resume operations after a shutdown for Covid-19 even as production at its sole overseas plant, a factory in Shanghai, was abruptly suspended.
Majority of Google Employees to Work From Home Until End of Year
The update comes after Google had previously told employees they would keep work from home measures in place until June 1.
Endeavor’s WME to Cut 20% of Workforce
The cuts are the latest sign of pressure at the entertainment firm, which is heavily exposed to the live events business and carries a lot of debt.
Dropbox Reports First Quarterly Profit
Dropbox is seeing more adoption of its paid services as companies around the world work from home, according to CEO Drew Houston.
Uber’s Surging Food Delivery Business Mitigated Rides Decline From Covid-19
Uber's approach of operating multiple businesses such as food delivery, once considered a costly albatross around its neck, could be its saving grace.
Google Unifies Communications Products Under G Suite Boss
The move should help Google bring a more cohesive strategy to its communication apps—something its struggled with notoriously in the past.
New WarnerMedia CEO Challenges Staff to Aim High, Take Risks
In his first town hall, Jason Kilar spoke to employees about his priorities for the company.
Facebook to Reopen Offices in July, Let Employees Work Remotely Through 2020
CEO Mark Zuckerberg has recently voiced concern about reopening the economy too early.
Lawmakers Question Amazon About Whistleblower Retaliation
Some in Congress want to know if Amazon was looking to silence critics when it fired workers who voiced Covid-19 concerns.
Sidewalk Labs Scraps Toronto Mega-Development
The Alphabet subsidiary cited poor economic conditions for its abandonment of the project.
Zoom Acquiring Encryption Company Keybase
Zoom's acquisition of Keybase puts the video conferencing provider on track to offer the strongest form of data encryption available.
Uber Leads $170 Million Investment in Lime
The ride-hailing firm will transfer its Jump bike and scooter rental business to Lime as part of the deal.
ViacomCBS Sees 19% Drop in Ad Sales, Further Declines Expected
The company is looking at cutting costs, including moving some activities to lower-cost locations.
Nintendo Beats Full-Year Estimate for Switch Sales
The higher sales reflect the popularity of its game, “Animal Crossing: New Horizons," along with Covid-19, which has forced people to spend more time indoors.
Didi Chuxing President Says Core Ride-Hailing Business Is Profitable
While Lyft and Uber are slashing staff as ridership plummets, Didi is back on track. Didi’s president didn't specify which measure of profitability she was referring to.
Facebook Suspends Employee Promotions for 2020
The decision comes after Facebook said last week it saw a “steep decrease” in ad sales during March, followed by flat yearly revenue growth in April.
Facebook Bug Crashes Spotify, Tinder, Pinterest, Others
The snafu also illustrates just how widely Facebook's software is used across the app ecosystem.
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