Libra Association Names HSBC Exec as CEO
The development means that Facebook’s influence over the Libra project has diminished.
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Recent Editions
Samsung Executive Apologizes for Bribery Scandal
The son of Samsung's chairman says he won't pass his role onto his children.
Consumer Spending on Movie Rentals and VOD Soars 48% in March
The data is likely to fuel a debate in Hollywood about how much to embrace electronic rentals for movies that haven't been shown in theaters.
New York Times Subscriptions Surge, Ad Revenue Plummets
The media company’s first-quarter results reflect consumers’ hunger for news even as the broader economic picture darkened.
Uber Cuts 3,700 Jobs and More Layoffs Expected
The job cuts, which had been expected, follow an 80% plunge in Uber's ride-hailing business.
Bolt Says It Will Start Electric Scooter in 45 Cities
Even as Lyft and Uber struggle with decimated ridership, the Estonian ride-hailing startup is betting on electric scooters.
Amazon Warehouse Worker in New York City Dies of Covid-19
The death could galvanize more criticism of Amazon, which fired the organizer of a walkout at the same New York City facility last month.
Russo Brothers Name Former Chernin Executive as CEO of Production Company
Move shows the production company is expanding ambitions during the streaming era
Database Startup Cockroach Gets $87M in New Funding
The startup's latest round, which comes eight months after its previous one, shows investors' confidence in database providers.
Game Makers EA, Activision See Business Surge During Outbreak
Electronic Arts and Activision Blizzard reported strong results as people lean more heavily on videogames as entertainment during the coronavirus outbreak.
Splunk Strikes Major Cloud Agreement With Google
Strategic partnership gives Google a well-known enterprise data analytics customer that is also one of rival AWS' largest users.
Disney Suspends Dividend to Preserve Cash
Disney has been hit worse by the pandemic than many entertainment companies, as its theme parks, cruises, studio and ESPN operations have all been affected.
NBCUniversal Announces Pay Cuts
The move is the latest by new CEO Jeff Shell to cut costs amidst the COVID-19 pandemic while avoiding layoffs.
BuzzFeed Names New Editor in Chief
New editor Mark Schoofs previous built the company's investigations team before leaving for a teaching job
Venture Capitalists Are Helping Laid-Off Workers Find Startup Jobs
They are exchanging spreadsheets with names and contact information of newly unemployed workers.
Apple to Host Virtual Developers Conference in Late June
Apple said the conference will be, by far, its most attended ever with more than 23 million people expected to log on to its developer website and app.
Uber CEO Says Layoff Decision to Be Announced Within Two Weeks
Employees at the ride hailing leader are preparing for big cuts.
Juul to Move HQ From San Francisco to Washington, D.C.
The switch will bring the e-cigarette maker close to regulators who hold sway over what products the company can sell.
Facebook Working on New Oculus VR Headset
A new version of the VR device might not be available until 2021 as the coronavirus pandemic puts constraints on Facebook's supply chain.
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