Toast, a Restaurant-Focused B2B Startup, Cuts More Than 1,000 Employees
The Boston-based firm, valued most recently at about $4.9 billion, had just announced $400 million in venture capital in February
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More Clarity, Possibly More Funding for Federal Loan Program
The Treasury Department released new guidance on small business loans that might be good news for startups. Meanwhile, the program might get a funding boost.
Facebook Quietly Releases New Messaging App for Couples
Tuned is Facebook's latest attempt at releasing an app that's distanced from its main brand. But the app says it shares data with Facebook.
Congress Moves to Digital Documents
Switching from paper to electronic documents is one way the coronavirus is slowly prompting Congress to adapt to the digital age.
CNN Acquires Canopy to Support Upcoming Digital News App
The acquisition gives CNN more expertise on curation by bringing on former Spotify executives.
WeWork Sues SoftBank Over $3 Billion Tender Offer Withdrawal
WeWork's stockholders, including founder and former CEO Adam Neumann, were expecting to sell stock as part of the tender offer.
AT&T Takes Out $5.5 Billion Loan, Plans ‘Sizing’ of Business
The company took out the loan to help with financial flexibility during the coronavirus epidemic.
Taiwan Government Joins New York City Schools and SpaceX in Banning Zoom
Zoom's rise as a top videoconferencing software has been marred by series of security missteps.
U. S. Lawmaker Calls for Antitrust Probe of Intuit’s Purchase of Credit Karma
A top lawmaker warns that Intuit's purchase of Credit Karma would undermine competition in the tax preparation market.
Paycheck Protection Program Slowly Begins
Banks are starting to accept applications to the federal government's Paycheck Protection Program as VC-backed startups hope for more guidance.
IBM Taps ex-Bank of America CTO as Cloud Chief
IBM's new head of cloud has talked often about the cost advantages of data center-based clouds versus public cloud providers.
Airbnb Raises $1 Billion in Debt, Equity From Silver Lake, Sixth Street
The deal gives the travel giant, which has been whacked by coronavirus, financial cushion as it tries to recover.
NYC Schools Ban Zoom in Favor of Microsoft’s Teams
The school district is recommending Microsoft Teams over Zoom Video, amid concerns over Zoom's security
Zoom Faces D.C. Scrutiny Over Privacy Concerns
Zoom's sudden popularity is attracting the attention of lawmakers who are concerned about users privacy.
Quibi Goes Live, but Will People Notice?
The app's biggest challenge is to break through during a period where people are stuck at home and aren't consuming content on the go
Masayoshi Son’s Defense: ‘Don’t Think About the Past’
SoftBank’s CEO said in an interview a month ago that he thought about 15 of the 88 companies SoftBank backed in the Vision Fund would go bankrupt.
Peloton Pausing Live Class Recording Amid Pandemic
The live-cycling startup, which has seen a boost in sales amid the Covid-19 pandemic, will stop recording new content in its New York City studios.
Apple, Tesla Working on Face Shields, Ventilators
These moves are a chance for big tech firms to transform their standing in the industry and make them less threatening to regulators.
Federal Guidance Appears to Still Exclude Startups From Loans
Guidance issued by the Small Business Administration late Friday offered some clarity but no final answers on whether startups qualify for stimulus loans.
Layoffs Hit Minted, a Benchmark-Backed Online Stationery Marketplace
Minted, an online greeting card business backed by Benchmark Capital, has laid 147 employees due to a coronavirus-related slowdown.
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.
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