Dave McClure Wants to Buy Back Stake in 500 Startups
Investor Dave McClure is raising money to buy a stake in a fund from 500 Startups, the firm he co-founded and left after he was accused of sexual harassment.
Weekday mornings
The Information AM
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
Recent Editions
Internet Car Dealer Vroom Files Confidentially for IPO
Online car seller Vroom has filed confidentially for an initial public offering in a tentative sign of reopening for the IPO market.
Quibi’s Jeffrey Katzenberg Concedes Slow Start
Quibi's founder says the launch of the short video service has been fallen short of expectations.
High-Profile Surgeon to Depart as CEO of Amazon-Backed Health Venture
Atul Gawande is discussing becoming chairman of Haven, a role that would leave him less involved in the initiative’s day-to-day operations.
AMC Entertainment Shares Jump on Report That Amazon Could Buy It
Amazon reportedly held acquisition talks with AMC Entertainment, but a deal is likely to be a long shot.
Endeavor Secures $260 Million Loan
The loan comes as the entertainment giant has seen revenue drop 70% amid the coronavirus pandemic.
SoftBank’s Japanese Telco Business Predicts Profits Will Be Flat
SoftBank's Vision Fund has performed miserably even before Covid-19, but SoftBank's cash-cow Japanese telecoms business continues to provide a cushion.
Trump Administration Talks to Chip Makers About Building U.S. Plants
Pressure is mounting on U.S. firms to bring production back to the U.S. amidst the worst unemployment in decades and rising U.S.-China tension.
Eric Schmidt Reportedly Cuts Final Ties to Google
The former CEO’s presence at Google had already been waning in recent years before reportedly stepping down as its technical adviser in February.
Tesla Sues Alameda County, Musk Threatens to Relocate HQ
Musk has said local “shelter in place” orders violated the U.S. Constitution.
Cornershop, Soon to Be Part of Uber, Launches Grocery Deliveries in U.S.
Cornershop will deliver goods from grocery outlets but it doesn't appear to have reached any deals with the outlets, raising questions.
Amazon-Microsoft Friction Over Pentagon Cloud Deal Heating Up
The friction between the two tech giants illustrates the high stakes of the Pentagon deal.
Apple to Reopen Some U.S. Retail Locations Starting Next Week
The first stores to reopen will be in Idaho, South Carolina, Alabama, and Alaska with new safety procedures, including temperature checks.
Roku Sees Ad Upside to Pandemic
Company said in earnings that the move away from TV advertising could be funneled toward its digital ad business
Target Acquires Deliv’s Tech Assets
Target is acquiring the assets as Deliv shuts down its operations, a sign of the challenges of making same-day delivery a profitable business
India’s Jio Secures $1.5 Billion From Private Equity Firm
Jio, the digital arm of Reliance Industries, transformed India by spending billions to offer cheap, high-speed cellular data to hundreds of millions of users.
WeChat Gathers Data From Overseas Users for Chinese Censorship
The findings by Canadian security research group Citizen Lab reinforces the widespread belief that Tencent’s WeChat isn’t secure even outside of China.
Tesla to Restart California Plant Friday
Tesla’s U.S. plant could resume operations after a shutdown for Covid-19 even as production at its sole overseas plant, a factory in Shanghai, was abruptly suspended.
Majority of Google Employees to Work From Home Until End of Year
The update comes after Google had previously told employees they would keep work from home measures in place until June 1.
Endeavor’s WME to Cut 20% of Workforce
The cuts are the latest sign of pressure at the entertainment firm, which is heavily exposed to the live events business and carries a lot of debt.
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