Disney Suspends Dividend to Preserve Cash
Disney has been hit worse by the pandemic than many entertainment companies, as its theme parks, cruises, studio and ESPN operations have all been affected.
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NBCUniversal Announces Pay Cuts
The move is the latest by new CEO Jeff Shell to cut costs amidst the COVID-19 pandemic while avoiding layoffs.
BuzzFeed Names New Editor in Chief
New editor Mark Schoofs previous built the company's investigations team before leaving for a teaching job
Venture Capitalists Are Helping Laid-Off Workers Find Startup Jobs
They are exchanging spreadsheets with names and contact information of newly unemployed workers.
Apple to Host Virtual Developers Conference in Late June
Apple said the conference will be, by far, its most attended ever with more than 23 million people expected to log on to its developer website and app.
Uber CEO Says Layoff Decision to Be Announced Within Two Weeks
Employees at the ride hailing leader are preparing for big cuts.
Juul to Move HQ From San Francisco to Washington, D.C.
The switch will bring the e-cigarette maker close to regulators who hold sway over what products the company can sell.
Facebook Working on New Oculus VR Headset
A new version of the VR device might not be available until 2021 as the coronavirus pandemic puts constraints on Facebook's supply chain.
Singaporean Logistics Startup Raises $279 Million
The Covid-19 outbreak has boosted e-commerce in Southeast Asia even as the broader economy has struggled.
Adam Neumann Files Lawsuit Against SoftBank
Neumann's suit adds to the legal wrangling over SoftBank's decision last month to cancel the tender offer to buy existing WeWork stock.
Nvidia to Acquire Networking Software Company Cumulus
The deal, which comes after Nvidia closed its $6.9 billion purchase of Mellanox last month, shows how Nvidia is setting its sights on networking.
Intel Buys Transit App Startup Moovit
Intel isn't buying Moovit for its consumer-facing app. Instead, it's a data play.
NBC News Head Andy Lack Departs Amidst Reorg
Lack's departure comes amidst a bigger reorg at NBCUniversal as new CEO Jeff Shell starts making moves.
Trading App Robinhood Raises $280 Million at $8.3 Billion Valuation
Robinhood said it had added 3 million funded accounts since the beginning of the year and that trading on its platform spiked in March.
Uber’s Middle East Subsidiary Cuts 31% of Staff; Uber Eats Shuts Down in 7 Markets
The news was announced as Uber prepares layoffs across the rest of the company.
Amazon Vice President Quits to Protest Worker Treatment
An Amazon cloud executive quit the company over its firing of warehouse workers who were protesting conditions during the coronavirus pandemic.
Apple to Sell New Debt
Apple has about $10 billion in debt that comes due this year, which will likely be refinanced from the latest bond offering.
Silver Lake to Invest $750 Million in Indian Mobile Provider Jio
Silver Lake has made a number of investments amid the pandemic, which has reduced the value of some tech companies and made them more attractive to investors.
Elliot Management Financing Lawsuit Against Quibi
Hedge fund puts money behind patent infringement suit against the company in exchange for equity stake
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