Libra Association Hires Chief Compliance Officer for Digital Currency Effort
Seeking to reassure regulators, the digital currency organization hired Credit Suisse’s top financial crime compliance officer.
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The Information AM
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Big Tech Funding Groups to Counter Antitrust Probes
Big tech companies are funding groups that oppose federal and state antitrust probes.
Just Eat Takeaway Reaches Grubhub Merger Deal
Uber shares fell nearly 5%, as the proposed merger of Grubhub with a European firm dashes investor hopes for a consolidation of the crowded U.S. food delivery market.
Republican Senator Calls for FTC Probe of Zynn Video-Sharing App
Sen. Josh Hawley, a frequent critic of tech companies based in China, is calling for an investigation of Zynn, which now tops Apple’s app charts.
Reddit Names YC CEO Siebel to Board
Siebel is taking the slot vacated last week by Reddit co-founder Alexis Ohanian, who had asked for his board position to be filled by a black candidate.
Omidyar Network Says Facebook Is Anticompetitive Monopoly
The latest report from the philanthropic investing firm amplifies concerns that Facebook has a monopoly in social media.
SoftBank Says It Fired the China CEO of Semiconductor Designer Arm Ltd.
In a twist, the China unit of the chip designer said the CEO, whom SoftBank said was fired after whistleblower complaints, was still in charge.
SoftBank to Lay Off 80 From Vision Fund
Layoffs at SoftBank's Vision Fund are likely to be bigger than previously planned, as the world's biggest tech investment fund is now preparing to cut about 15% of its jobs
Twitter, Square to Observe ‘Juneteenth’ Holiday
It's the latest response from corporate America to protests against racial injustice across the country.
Republican Senators Pushing FCC to Consider Social Media’s Legal Immunity
Republicans, concerned about bias against conservatives, are looking for ways to apply pressure to social media companies that fact-check President Trump.
Electric Shock: Market Value of ‘Nikola’ Approaches Ford’s
Nikola's market value has skyrocketed in the past week, reflecting investor enthusiasm for electric vehicles.
Data Management Firm Cloudera Reportedly Seeking Buyer
Cloudera has struggled with anemic growth, further illustrating how the market for Hadoop data management software isn't as large as expected.
Facebook News Tab Now Available to Everyone in U.S.
Facebook employs human editors who pick which news to feature at the top of the tab, a tactic that got the company in hot water several years ago.
Database Startup Snowflake Files Confidentially for IPO
Snowflake, which has raised $1.4 billion, is looking to tap into the growing usage of cloud services during the Covid-19 pandemic.
Amazon Moves Forward With Coronavirus Testing Plans
Amazon has begun to step up its Covid-19 testing plans for its employees, with the goal of eventually testing most of them every two weeks.
When Google Employees Return, They Face Fewer Perks, Office Changes
Google won’t offer breakfast and dinner to employees when they return, and office gyms, massage services and sleep pods will also be unavailable.
Apple to Announce Shift Away From Intel Chips
The move is a blow to Intel, and a boost for ARM which has been trying to diversify its presence beyond the mobile device market.
South Korean Court Denies Request to Arrest Samsung Heir
The denial of the arrest warrant is the latest twist in a long-running saga involving the Samsung heir, who is accused of corporate malfeasance.
Twitter Bots Likely Part of Disinformation Campaign to Promote China
The newspaper’s analysis might push Twitter to verify and take down the accounts, many of which are likely state-sponsored bots.
Alibaba Aims to Hire 5,000 Workers in Cloud Computing
Alibaba's emphasis on the hiring plans could be its latest attempt to reassure investors that cloud-computing will drive its future growth.
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.
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