Bureaucracy, Tech Glitches Could Delay Coronavirus Checks
The Trump Administration wants to send recovery checks to Americans as quickly as possible, but numerous hurdles could slow the timeline.
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T-Mobile and Sprint Close $26 Billion Merger, Much to SoftBank’s Relief
The merger marks an end to SoftBank's troubled investment in Sprint and signals a new era in the U.S. wireless industry.
Xerox Drops Bid to Buy Rival HP
Falling markets are sapping dealmaking across all industries, including tech, as the economy reels from the Covid-19 pandemic.
Software Maker KeepTruckin Lays Off 18% of Staff
CEO Shoaib Makani wrote in the email that the company is likely to lose customers and see reduced revenue as fewer trucks hit the road.
Startups Agonize Over Qualifications for Coronavirus Stimulus
While awaiting guidance from the Small Business Administration, startups are struggling to figure out if they can keep functioning.
Traffic to Food Site Food52 Shoots Up
People stuck at home are browsing through recipes and and reading articles about food
Pet Care Startup Rover Lays Off 41% of Workforce
Demand for pet sitters has slumped as owners are forced to stay at home due to the coronavirus pandemic.
Apple Buys Dark Sky Weather App
Apple's acquisition of the Dark Sky weather app suggests antitrust scrutiny of big tech companies hasn't totally killed deal-making by them.
Google Cloud Offers Hangouts Premium Features for Free Through September
Google Cloud's move shows how big tech companies are responding to the increased numbers of people working from home, posing more competition for Zoom Video.
New York Attorney General Probes Zoom Over Privacy
The state's top law enforcement agent sent a letter around the company's security
New York Clips Gig Worker Proposal From Budget
A proposal geared toward granting gig workers more protections is stripped from the state budget
Murdoch’s News Corp Sells Marketing Business That Was Once a Cash Cow
The business put marketing inserts into newspapers and at one time generated big profits for the Murdoch empire.
New York Attorney General Calls Amazon ‘Disgraceful’ for Firing Walkout Organizer
Letitia James’ strong words highlight growing tensions over working conditions for employees who suddenly find themselves on the frontlines.
Pinduoduo Raises $1.1 Billion in Private Share Sale
The successful fundraise signals that some investors are still confident in China's consumer spending despite the economic downturn in the rest of the world.
Big Asian Firms Are Selling Some of Their Venture Capital Investments
Venture capital investments from corporations helped boost valuations for startups in Asia. Their retreat could spell lower prices.
Airbnb Offers Hosts $260 Million to Help Offset Cancelled Stays
It's an expensive proposition, equivalent to about 5% of Airbnb's revenue last year.
Microsoft Launching Cloud-Based Office Apps for Consumers
Microsoft is aiming to create another lucrative subscription revenue stream, this time by building a productivity apps suite for consumers and families.
Gannett, Vice Announce Furloughs, Pay Cuts
As advertisers slash their budgets, Vice and Gannett become latest media companies to cut pay, announce furloughs.
Snap Is Well Positioned to Weather Downturn, Spiegel Says
Spiegel told employees that Snap had a more diverse advertiser base than Twitter.
Bob Iger Gives Up 2020 Salary to Help Disney Cut Costs
Other Disney executives, including new CEO Bob Chapek, also are taking significant pay cuts.
Weekday mornings
The Information AM by The Information Staff
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