Stock Market Has Worst Week Since 2008
While most stocks were in the red, companies like Smile Direct Club jumped.
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Recent Editions
Airbnb Considers Raising Money Privately as Business Reels
Airbnb has reportedly lost hundreds of millions of dollars this year as people stopped traveling.
AWS to Offer Grants for COVID-19 Testing, Diagnostics
Amazon Web Services is investing $20 million to help clients develop diagnostics, research and testing for COVID-19.
Sen. Loeffler, Former Bakkt CEO, Sold Shares Before Market Crash
Loeffler dumped stock after receiving a dire, private briefing in January on coronavirus' spread
Disney Releases ‘Onward’ Film at Home
Disney is the latest entertainment company this week to make a movie available at home earlier due to the coronavirus pandemic.
Netflix, Twitch See Uptick in Usage
As more people are staying home due to the coronavirus, streaming services like Netflix and gaming platforms like Twitch are seeing a jump in users.
AT&T Cancels $4 Billion Stock Buyback Program
A wide range of companies have cancelled buybacks during the market crash, helping companies conserve cash.
SoftBank Seeks $10 Billion to Support Vision Fund Portfolio Companies
Convincing outside investors will be hard when stock markets are slumping and the world is bracing for a recession.
Sequoia Capital Plots $7B Fundraise
Sequoia's fundraising shows it is open for business despite the market turmoil caused by the coronavirus outbreak.
Former Google and Uber Self-Driving Car Engineer Pleads Guilty to Trade Secret Theft
Levandowski faces 10 years in prison but if he doesn't go to jail he is expected to resume his role as CEO of Pronto AI
SoftBank-Backed OneWeb Considers Bankruptcy—Report
OneWeb is one of a number of SoftBank-backed startups to struggle with high costs.
Netflix Reduces Quality of Videos in Europe
European regulators had worried that broadband networks would crash under the weight of people stuck at home watching more video online.
Maryland Passes Digital Services Tax
A tax on digital services has passed both the House and the Senate in Maryland, though Governor Larry Hogan could still try to veto it.
Microsoft: Teams Has Added 12 Million Users in Past Week
Microsoft turns up the heat on workplace chat rival Slack, revealing a huge increase in daily active users.
Liberty Media Pays Off Loan Secured by Live Nation Stock
Liberty took action to remove any concerns investors might have about its exposure on the loan, a sign of how companies are pre-emptively acting to calm investor nerves.
Disney’s Streaming Service Sees Pickup in Signups
Nearly all aspects of Disney's business have been hit by government measures to control the spread of COVID-19
Uber CEO: Company Can Survive Worst Case Scenario
Uber is trying to reverse a steep stock decline amid the coronavirus outbreak.
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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