Andreessen Horowitz, SoftBank Launch New Funds for Underrepresented Founders
The Talent x Opportunity Fund is a donor-advised seed fund designed for underrepresented entrepreneurs.
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The Information AM
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Snapchat Stops Promoting Trump’s Account
“We will not amplify voices who incite racial violence and injustice by giving them free promotion on Discover,” said Snapchat in a statement.
Warner Music IPO Takes Off
Warner Music today generates 50% more revenue than when it was taken private by Russian industrialist Len Blavatnik, a sign of how streaming has helped turn the music industry around.
Tech Group Files First Lawsuit on Trump Social Media Order
The suit claims that Trump issued an executive order on regulating social media as retaliation against Twitter for fact-checking his tweets.
Huawei Running Into Resistance in the U.K.
In the face of relentless pressure from the Trump administration, U.K. security officials might recommend that wireless carriers drop Huawei equipment.
Google Removes India-Made App That Purges Chinese Apps From Phones
The move comes amid rising tensions between China and India along the border and growing suspicion of Chinese apps, some of which are accused of tracking users.
Facebook Invests in Indonesia’s Gojek
The stake in the Indonesian app that does everything from ride hailing, food delivery and digital payments marks the second big push for Facebook in the region.
Zoom’s Paid Users Surging During Covid-19 Pandemic
Zoom has seen a flood of non-paying users during the pandemic, including K-12 schools, but its base of paid customers is also growing steadily.
Lyft Details Slight Improvement In Ride-Hailing in May
Lyft says a continuation of May's trends through June would mean a slightly smaller second quarter loss than it had been expecting. The wild card are the curfews now in place in major cities.
Twitter Names Patrick Pichette as New Board Chair
The board shuffle indicates that there are more structural governance changes happening inside Twitter.
Blockchain-Based Journalism Startup Civil Shuts Down
The ConsenSys-backed media platform had big ambitions, but couldn’t find a way to make its complex funding model work.
Zuckerberg Defends Facebook’s Trump Decision as Employees Protest
The decision to allow Trump’s incendiary rhetoric on Facebook has riled the company’s employees to an unprecedented degree.
In ‘Blackout Tuesday’ Protests on the Internet, Apple Stands Out
Apple showed support for an anti-racism event Tuesday by overhauling its music service to showcase a single radio station featuring black artists.
Google Cloud Loses Product Marketing VP to VMware
Carol Carpenter’s departure reflects broader changes to Google Cloud’s marketing organization, which previously operated independently.
Cisco Postpones Major Customer Conference
Cisco, after moving its largest event of the year to virtual format in March due to Covid-19, is again moving it due to nationwide protests.
HBO Max Is Not Subject to AT&T’s Data Caps
In the absence of net neutrality, HBO Max has a big advantage over its competitors.
Civil Rights Leaders Frustrated by Call With Zuckerberg
Civil rights leaders say Facebook is facilitating violence by failing to take down Trump's posts.
Silver Lake Pours More Cash Into Vacation Rental Manager
Silver Lake’s $108 million investment in Vacasa follows deals to back travel booking sites Airbnb and Expedia.
Chinese Tesla Rival Xpeng Files for U.S. IPO
Chinese companies are still trying to list in the U.S. despite moves to restrict their access to Wall Street capital.
Stitch Fix to Lay Off 18% of Staff
Later this year Stitch Fix plans to hire 2,000 employees in lower cost cities around the U.S., a sign the layoffs are an effort to cut costs without reducing its employee numbers.
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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