China’s Starbucks Rival Luckin Says Executive Fabricated $300 Million in Sales
The company had earlier denied allegations by short seller Muddy Waters that it had made up sales figures.
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Recent Editions
Zoom Video Says Service Wasn’t Built for Current Boom in Usage
Zoom Video said 200 million daily meeting participants used the service in March, up from 10 million in March. Along the way, bumps have arisen.
U.S. Officials Look at New Ways to Tighten Tech Exports to China
The tighter restrictions eyed by the U.S. administration would tighten loopholes and close exemptions that have allowed Chinese firms to buy some kinds of tech.
Apple Now Allows Movie Purchases in Amazon App
The move implies that Apple may have relaxed its ironclad rule on exacting a 30% cut on all in-app transactions.
SoftBank Backs Out of WeWork Tender Offer
The move sets up a potential legal fight between WeWork shareholders and SoftBank.
FCC Plan Would Expand Airwaves for WiFi, Ease Congestion on Shared Networks
FCC plan would expand WiFi capacity ahead of surge in spectrum drain created by the Internet of Things
Collaboration App Notion Raises Money at a $2 Billion Valuation
The fundraising shows that some startups in Silicon Valley are able to raise money at higher valuations.
Lyft Hires Senior Waymo Self-Driving Car Engineer
Yet another senior engineer from Alphabet's Waymo subsidiary decamps for a rival self-driving car developer—this time Lyft.
WarnerMedia Names Founding Hulu Chief as CEO
WarnerMedia's choice of CEO shows how much weight it is putting on expanding in streaming, through its about-to-be launched HBO Max.
Bureaucracy, Tech Glitches Could Delay Coronavirus Checks
The Trump Administration wants to send recovery checks to Americans as quickly as possible, but numerous hurdles could slow the timeline.
T-Mobile and Sprint Close $26 Billion Merger, Much to SoftBank’s Relief
The merger marks an end to SoftBank's troubled investment in Sprint and signals a new era in the U.S. wireless industry.
Xerox Drops Bid to Buy Rival HP
Falling markets are sapping dealmaking across all industries, including tech, as the economy reels from the Covid-19 pandemic.
Software Maker KeepTruckin Lays Off 18% of Staff
CEO Shoaib Makani wrote in the email that the company is likely to lose customers and see reduced revenue as fewer trucks hit the road.
Startups Agonize Over Qualifications for Coronavirus Stimulus
While awaiting guidance from the Small Business Administration, startups are struggling to figure out if they can keep functioning.
Traffic to Food Site Food52 Shoots Up
People stuck at home are browsing through recipes and and reading articles about food
Pet Care Startup Rover Lays Off 41% of Workforce
Demand for pet sitters has slumped as owners are forced to stay at home due to the coronavirus pandemic.
Apple Buys Dark Sky Weather App
Apple's acquisition of the Dark Sky weather app suggests antitrust scrutiny of big tech companies hasn't totally killed deal-making by them.
Google Cloud Offers Hangouts Premium Features for Free Through September
Google Cloud's move shows how big tech companies are responding to the increased numbers of people working from home, posing more competition for Zoom Video.
New York Attorney General Probes Zoom Over Privacy
The state's top law enforcement agent sent a letter around the company's security
New York Clips Gig Worker Proposal From Budget
A proposal geared toward granting gig workers more protections is stripped from the state budget
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