WeWork Cut Workforce by 60%, on Track for 2021 Profits
Marcelo Claure told the FT the company expects to generate profits and positive cash flow by 2021.
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The Information AM
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Recent Editions
Facebook Considers Banning Political Ads Ahead of November Election
"Banning political ads favors incumbents and whoever the media covers,” CEO Mark Zuckerberg said in a speech last year.
Amazon Backs Away From Employee Ban on TikTok
Amazon confirmed a abrupt reversal from a note the company sent to staff earlier in the day telling them they would need to remove TikTok from work devices.
Rackspace Files to Go Public
The move toward a public listing by the cloud computing firm is the latest sign of life for the tech IPO market.
Google Seeks Ways to Avoid EU Antitrust Investigation of Fitbit Acquisition
Google could promise that it won't use data from Fitbit to target advertising.
Behind the Amazon-Zoox Deal: a Walk-Away Clause
Amazon aims to keep Zoox engineers via transaction and retention bonuses or it can kill the deal.
Nvidia Overtakes Intel as Most Valuable Chip Maker
Nvidia’s rise underscores the strategic importance many companies are placing on AI.
Coinbase Said to Prepare Stock Market Listing
The listing would be the first by a major U.S. cryptocurrency exchange.
Peacock Unlikely to Reach Roku and Amazon Deals Before Launch
The sides are at odds over data sharing and ad inventory
Chelsea Clinton May Form VC Fund
Reports indicate the new vehicle will be called Metrodora Ventures.
TikTok Confirms It’s Mulling Changes to Corporate Structure as Trump Threatens Ban
Moves to isolate TikTok from its Chinese owner may not be sufficient to satisfy U.S. regulators who are worried it could pose a threat to national security.
Quibi Keeps Only 8% of Users Who Signed Up for Free Trial
Jeffrey Katzenberg's short-form video service has had a rough start as the company now tries to pivot.
Musk Says Tesla Is ‘Very Close’ to Fully Automated Vehicles
The brash claim comes as other major players in the field struggle to solve the complex problems of developing robocars.
Google Drops Plans for Cloud Services in China and Other Politically Sensitive Countries
The initiative, known as "Isolated Region," could have allowed Google to set up cloud services controlled by a local company or a government agency.
Cisco Switches Leaders in Zoom-Rival Webex Unit
Cisco, which has seen increased demand for Webex and other collaboration products during the pandemic, appoints a new leader for that business.
Slack Acquires Startup Founded by Ex-Facebook Employees
Called Rimeto, the startup develops software that helps employees stay in touch with and collaborate with colleagues while working outside the office.
Google Abandons Cloud Plan for China, Other Markets
The initiative, known internally as “Isolated Region,” would have given countries like China control over the cloud data within its borders.
Microsoft Targets Zoom With Teams Video Upgrades
In addition to showing up to 49 meeting participants, Microsoft adds a new feature that displays people as if there were sitting together in a room.
Alibaba’s Ant Financial Hoping for $200 Billion IPO
News of Ant's IPO plans comes as the Chinese stock market has been roaring ahead, raising questions about the longevity of its rally
Thousands of Tech Startups Received PPP Loans
California based internet companies backed by private investors are among the PPP beneficiaries.
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