Chinese E-Commerce Company Pinduoduo Appoints New CEO
Pinduoduo, a fast-growing but unprofitable company whose market capitalization is more than $100 billion, is trying to live up to investors' soaring expectations.
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Senate Agrees to Extend Paycheck Protection Program
Legislation awaiting House approval would extend the PPP application deadline to August 8.
After Amazon Acquisition, Two Senior Zoox Engineers Go to Waymo
The moves could reflect uncertainty about Zoox’s new owner.
Facebook Says It Is Banning Groups, Users Tied to ‘Boogaloo’ Extremists
The designation, the same that it applies to terrorist organizations, follows more modest steps from Facebook to stem members' activity.
Netflix Hires Endeavor Executive as New Chief Marketing Officer
She replaces Jackie Lee-Jo and is the company's third chief marketing office in the last year.
Google Confirms Purchase of Smart Glasses Company, North
Terms of the deal were undisclosed, though a report last week said Google was set to pay $180 million for the roughly 300-person startup.
Amazon Forms New Cloud Unit for Space Tech
Having already carved out a dominant position in earthbound cloud computing, Amazon Web Services is now expanding into space.
Facebook Asked About Executive’s Role in Resisting Internal Clampdown on Extremists
A trio of Democratic senators sent a letter asking why a Facebook policy executive resisted internal efforts to crack down on polarizing content.
Venture Firm Led by Facebook Co-Founder Eduardo Saverin Raises $820 Million
This is B Capital Group's second fund.
YouTube TV Raises Price to $65
The so-called skinny bundle is raising its price for the third time in three years.
Netflix to Move Some Cash to Black-Owned Banks
It pledges to shift 2% of its cash to institutions that support Black businesses.
U.S. Stops High-Tech Exports to Hong Kong
The export ban comes amid an escalating row as China moves to tighten control over Hong Kong through a new national security law.
Uber Offers to Buy Postmates
Uber's offer is the latest effort by the ride-hailing giant to consolidate the food delivery market.
India Bans TikTok, WeChat Amid Clash With China
The move, which comes as tensions flare between the two countries, blocks TikTok from an enormous growth market.
MongoDB Taps Former AWS Exec as CTO
After a three-month search, MongoDB fills a CTO role that was previously handled by one of the company's co-founders.
Microsoft Halts Spend on Facebook Ads Globally
Microsoft, already one of Facebook’s largest advertisers, is now the most well-known tech company to join a growing boycott of the social network.
Lululemon to Acquire Fitness Company Mirror for $500 Million
Mirror was most recently valued at roughly $300 million.
Amazon to Pay $500 Million in One-Time Bonuses for Workers
Amazon said it will spend over $500 million on one-time bonuses for warehouse workers and delivery personnel as scrutiny of the company's labor practices grows.
Reddit Bans Pro-Trump Community With Hate Speech Policy Crackdown
The_Donald, a popular subreddit dedicated to President Trump, is among nearly 2,000 communities which were banned for violating Reddit's new policies against hate speech.
Weekday mornings
The Information AM by The Information Staff
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