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.
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Recent Editions
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.
Banned in China, Twitter Has Became Battleground for China’s Government
Some Chinese officials appear to be taking a page from Russia's disinformation campaigns to spread conspiracy theories about the origin of the new coronavirus.
SoftBank Plans $41 Billion Asset Sale, Share Buyback
SoftBank, whose stake in Alibaba is worth more than $120 billion, didn't say which assets it plans to sell to raise the money.
Lime Planning Layoffs, Facing Cash Crunch
Lime is reportedly planning layoffs after pulling its rental scooters from most of its markets last week. The company would otherwise have been in danger of running out of cash.
Bezos Tells Employees They’re Providing a ‘Vital Service’
Amazon CEO Jeff Bezos told employees even President Trump had thanked Amazon for the work its employees were doing.
Google Launches COVID-19 Website
he website has safety and prevention tips, but does not help funnel people to nearby testing facilities, which President Trump originally described.
Startups Begin Shipping Home Coronavirus Tests
As the U.S. struggles to test Americans for the coronavirus, startups are seeking to fill the void with home test kits.
Google Cancels Its Annual Developers Conference Entirely
Virtual conferences were supposed to save the events space during the coronavirus pandemic. Now they are being cancelled.
Stock Market Has Worst Week Since 2008
While most stocks were in the red, companies like Smile Direct Club jumped.
Airbnb Considers Raising Money Privately as Business Reels
Airbnb has reportedly lost hundreds of millions of dollars this year as people stopped traveling.
AWS to Offer Grants for COVID-19 Testing, Diagnostics
Amazon Web Services is investing $20 million to help clients develop diagnostics, research and testing for COVID-19.
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