Facebook Forms New Payments Group Under David Marcus
Former Upwork CEO Stephane Kasriel has joined Facebook as its vice president of payments, reporting to David Marcus, the creator of Libra.
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WarnerMedia Lays Off Employees
The company is expected to shed 600 employees, mainly at Warner Bros.
Uber Offers Carrot to Politicians Amid New Legal Setback
A state judge said Uber and Lyft would have to stop classifying drivers as contractors.
Hong Kong Media Tycoon Arrested Under New National Security Law
The arrest of Jimmy Lai, an outspoken critic of China's policies, comes as Beijing tightens its grip on the freewheeling former British colony of Hong Kong.
Qualcomm Asks U.S. Government for Permission to Sell Chips to Huawei
Qualcomm argues that the technology ban won't prevent Huawei from acquiring the tech and will help Qualcomm's competitors.
Navarro and Mnuchin Had ‘Knockdown, Drag-Out’ Fight in Oval Office Over TikTok
Trade adviser Peter Navarro accused Treasury Secretary Steven Mnuchin of being weak on China in supporting Microsoft purchase of TikTok from Chinese-owner ByteDance.
Amazon Eyes Mall Department Stores as Warehouses
Amazon is holding talks with a major mall operator about turning old Sears and other department stores into ecommerce fulfillment centers.
Twitter Held Preliminary Deal Talks With TikTok, Report Says
Twitter would likely need to partner with another buyer to buy the social media app.
Facebook Slams Apple’s App Store Policies Over Games
It's the second condemnation of its policies in as many days after Microsoft also slammed the company
TikTok Threatens Legal Action Against Trump’s Executive Order
The order to ban TikTok in 45 days puts additional pressure on TikTok's Chinese owner ByteDance and its negotiations to sell the app to Microsoft.
Tencent Stock Hit by Trump’s U.S. WeChat Ban
One question is whether Tencent’s videogame operations in the U.S. could ever come under Washington’s scrutiny.
White House: Delist Chinese Companies That Don’t Follow U.S. Audit Requirements
The proposal would force Chinese companies to open up their books for inspection by U.S. auditors.
Trump Issues Executive Orders on TikTok and WeChat
Trump ratchets up the pressure on TikTok by barring U.S. companies from doing business with the company after 45 days. He issued a similar order for WeChat.
Facebook Extends Remote Work Till July 2021
The new date, announced internally to employees Thursday, is "based on guidance from health and government experts," according to Facebook.
At Uber, Food Delivery Surpasses Rides
The company still projects an overall "profit" next year.
Restaurant Delivery Service Waitr Swings to a Profit
The company operates as an alternative to DoorDash and Grubhub in the Southeast
Report: Microsoft May Acquire All of TikTok
Instead of just acquiring TikTok's U.S., Canada, Australia, and New Zealand operations, Microsoft is said to be mulling a buyout of the entire business.
ViacomCBS Hits 16.2 Million Paid Streaming Subscribers
The company is planning to launch its new streaming service in the U.S. and abroad next year.
TikTok Says It Will Invest $500 million on a Data Center in Ireland
It would be the company's first data center in Europe, joining the likes of Amazon, Facebook and Alphabet Inc’s Google who already have centers there.
AWS Exec Departs for Top Sales Job at Stripe
Mike Clayville, an enterprise sales veteran who joined AWS in 2013, heads for the exits.
Weekday mornings
The Information AM by The Information Staff
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