Airbnb Lays Off Contractors, Pulls Summer Internships
Airbnb had been looking to save costs by reducing its contract workforce for months. The move might delay Airbnb from firing any of its regular staff.
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Vox Furloughs 9% of Workforce
Announcements had been happening through the week, the company has tentatively said it will last until July 31
Lime Buys Defunct Electric Skateboard Startup Boosted
The acquisition could help Lime catch up with its rival Bird on hardware development
China’s Economy Contracts for the First Time in Decades
The worse-than-forecast slowdown in China casts a shadow over the chances of the world's second-largest economy cushioning fallout from Covid-19 lockdowns.
Uber to Take $2 Billion Charge for Writedown of Didi, Grab Stakes
The charge will increase Uber's loss for the quarter.
Layoffs Likely at Booking.com, CEO Tells Employees
“Demand for travel is down to almost nothing,” Booking.com CEO Glenn Fogel said.
Twitter Pulls Funding From BuzzFeed Show
BuzzFeed's morning show AM/DM was cancelled after Twitter said it was no longer able to back it
Self-Driving Truck Developer Kodiak Lays Off About 20% of Employees
This the second, but not the last, set of layoffs in the autonomous vehicle development field amid Covid-19.
Facebook Bans Large Gatherings Until June 2021
The move is the strongest sign yet by a major tech company that life won't be returning to normal anytime soon.
Facebook Scales Back Plans for Libra Currency
These changes are a clear push to mollify regulators who opposed the project.
Google’s Video Chat to Look More Like Zoom in Coming Weeks
Other updates for Meet include direct access to the service from Gmail, improved video quality in dim lighting and better filters for background noise
Verizon Acquires Blue Jeans, a Zoom Rival
Verizon's latest move to bring in business-focused products comes amid a wave of companies working from home amid the Covid-19 pandemic.
Stripe Raises $600 Million in Fresh Funding
Stripe became the latest high-profile tech startup to raise a large round of new capital amid the coronavirus pandemic.
Amazon Stock Hits New Highs as Bezos Outlines Coronavirus Testing Efforts
The letter focuses on Amazon's efforts during the pandemic, as the company faces criticism over the working conditions of its warehouse and delivery employees.
Salesforce Invests in Cross-Border Financial Platform Airwallex
Startups in Asia continue to raise money despite the slowdown, as investors bet the region will recover led by China.
Google to ‘Significantly Slow Down’ Hiring for 2020
Sundar Pichai’s email to staff on Wednesday is the clearest signal yet that the tech giant’s business has been affected by Covid-19.
Quibi Slips in iOS Store Rankings, Steady on Android
It's only an early indication but interest among the most affluent users could have slipped
Pentagon Watchdog: No White House Interference in $10 Billion Cloud Deal
Amazon had claimed that President Trump's animosity for CEO Jeff Bezos played a role in the Pentagon picking Microsoft for a major cloud contract.
Charter to Offer HBO Max to Subscribers
The deal marks the first distribution deal for WarnerMedia's upcoming HBO Max streaming service.
Best Buy Furloughs 51,000 Workers, Even as Online Sales Surge
Best Buy is furloughing 51,000 employees as its sales decline drastically due to coronavirus-related store closures.
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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