Lime Plans to Lay Off Up to 190 People
It would take Lime's total number of layoffs to about 300 people since January, representing about half the company.
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Tesla’s Surprise First-Quarter Profit Boosts Shares
Tesla actually burned $900 million in cash in the quarter, but its sale of regulatory credits helped the carmaker book a net profit.
Facebook Reports Surge in New Users, ‘Steep’ Pullback in Ad Sales
The social media giant reported almost 3 billion users across its suite of apps, but warned that ad revenue growth has been flat this month.
Google to Make ‘Meet’ Video Tool Free for All
Earlier this month, Google’s videoconferencing tool changed its name to “Meet” and updated its layout to mimic its rival Zoom.
Former Warner Music CEO Bronfman Takes Reins at FuboTV
Bronfman's move is the latest twist for fuboTV, a sports-heavy streaming service that had struggled to attract subscribers and was acquired recently by a company called FaceBank.
Trump Administration Puts Amazon’s Foreign Sites on ‘Notorious Markets’ List
The Trump administration made good on a threat to add five of Amazon's foreign sales sites to a list of markets known for piracy.
Juul Plans to Lay Off Nearly 1,000 Employees
The layoffs, which haven’t been finalized, would be the second major round of cuts in the last six months for the San Francisco-based company.
Warren, Ocasio-Cortez Call for Merger Ban During Covid-19 Crisis
Progressive Democrats worry that big companies will increase their market power by swallowing struggling companies during the economic downturn.
Lyft to Lay Off 17% of Staff
Lyft's staff cuts come as Uber is discussing layoffs of a similar scale, as the pandemic has devastated the ride-hailing business.
Amazon Renews NFL Deal
The deal gives Amazon the rights to exclusively stream one Saturday nationally outside the local markets of the teams that are playing.
Spotify Sees Drop in Ad Revenue
The coronavirus pandemic has hit as Spotify has been making a big bet on growing ad revenue from podcasts.
Nasdaq-Listed Chinese E-Commerce Giant JD.com Seeks Hong Kong Listing
JD.com follows in the footsteps of Alibaba in seeking to list its shares closer to home, where it could get higher valuations.
Samsung Chip Sales Rise as More People Work From Home
The increase in chip sales comes as more people work from home, which requires purchases of personal computers and servers to keep data centers running.
Facebook’s Boardroom Tensions Exposed
Facebook CEO Mark Zuckerberg has done a dramatic overhaul of the company's board in recent months after clashing with former directors.
Oracle Lands Zoom as a Cloud Customer
Video conferencing company, which already uses Amazon Web Services and Microsoft Azure, is now adding a surprising new cloud provider to the mix.
Uber Considers Laying Off 20% of Employees
The potential cuts reflect the enormous falloff in Uber's ride hailing business caused by the pandemic
Google Revenue Rises 13% On Early 2020 Ad Strength
The revenue increase was boosted by strength in its ad business until shutdowns from the coronavirus hit in March.
TripAdvisor Lays Off One-Fourth of Staff
TripAdvisor is one of a number of companies looking to shed costs in part by ditching some of their real estate.
Google Says Employee Return Will Be Staggered
Though CEO Sundar Pichai didn’t provide a specific date for a return, he said the company’s work-from-home policy will continue at least through June 1.
Universal’s Trolls Film Does Boffo Business—but Theater Chain Objects
The results should overcome longstanding resistance from Hollywood veterans to releasing new films on digital rental services rather than in movie theaters.
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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