Startups May Not Qualify For Stimulus Funds
Venture-backed startups are likely to be excluded from the $2 trillion stimulus package awaiting Senate approval, an industry group fears.
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OfferUp Raises $120 Million, Acquires Competitor
The funding will help the company through these chaotic times.
Delays on Some Amazon Deliveries Until June – but Not Amazon’s Own Devices
Some products won't ship until late June. But if you want an Amazon Echo, you can get it in just a few days.
State AGs Write to Amazon on Price Gouging
Almost three dozen state attorneys general criticized Amazon, Craigslist, eBay, Facebook and Walmart for what they see as a lack of action on price gouging.
BuzzFeed Slashes Employee Salaries Amid Coronavirus Crisis
The pay cut, an attempt to stave off layoffs, affects all employees, while CEO Jonah Peretti is reportedly forgoing his salary entirely.
Google’s Summer Internship Program to Move Online
The highly coveted program will still hold its usual events, but they will be carried out virtually, presumably through Google Hangouts.
WeWork Gives Bonuses to Employees to Still Come to Offices
The decision puts a spotlight on the fact that WeWork can't afford a major disruption right now.
Cloud-Gaming Services Struggle to Get Approved by Apple
Apple’s App Store rules will need updating if it wants to stay at pace with the rapid advancements of the cloud industry.
iPhone Contractors Suspend Work in India After Lockdown
The disruptions won’t have a big impact on Apple as manufacturing volumes in India are small and mainly for the Indian market.
Senate and White House Reach Deal on $2 Trillion Stimulus
Stocks in Asia rose on news of the biggest economic stimulus package in modern history which would send direct payments to individuals and deliver financial aid to businesses.
Amazon Says Pentagon Still Favoring Microsoft for Cloud Deal
Amazon appeared to gain the upper hand when a federal judge ordered a halt to work on the cloud contract, but now that is up in the air.
Apple May Start Re-Opening Retail Stores Worldwide in Early April
Apple closed its more than 450 retail stores outside of mainland China, Hong Kong, and Taiwan earlier this month amid growing concerns over the coronavirus.
Stocks Rebound, Have Best Day Since 1933
Wall Street rallied on hopes that Congress will pass a broad stimulus package amid the worsening coronavirus pandemic
Amazon Execs Including Bezos Sold Stock Ahead of Market Plunge
They saved themselves from significant losses, on paper at least, when the market fell as the coronavirus pandemic spread.
DOJ, FTC Easing Antitrust Guidelines During Coronavirus Crisis
The Federal Trade Commission and the Department of Justice said Tuesday they would alter regular antitrust procedure due to the coronavirus pandemic.
Instagram Adds Co-Watching Video Feature
It’s the latest in a string of updates the Facebook-owned social app has added in the wake of the COVID-19 pandemic.
YouTube Defaults to Standard Definition Around the World
Netflix and Amazon Prime Video also reduced video qualities in Europe to cope with the spike in broadband demand amid the coronavirus outbreak.
Facebook to Buy Stake in Indian Telecom Reliance Jio
If it happens, the investment would signify the importance of India for Facebook’s future growth.
Oracle Talking to White House About Promoting Malaria Drugs for COVID-19
Oracle is talking to the White House about an online platform that may track using chloroquine for COVID-19, though the FDA hasn't approved it for that use.
Disney+, Other Streaming Services See Spike in Sign-Ups
It's a bright spot for the company whose business has been slammed during the coronavirus pandemic
Weekday mornings
The Information AM by The Information Staff
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