GV Lays Off 8% of Staff Amid Shift in Strategy
The personnel cuts come as the firm will stop offering some of its services—like help with events and recruiting—to its portfolio companies.
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Recent Editions
Zoom Bringing Videoconferencing to Smart Displays
Zoom is working with Facebook, Amazon, and Google to bring its videoconferencing service to people using smart displays for work.
Airbnb Files to Go Public
The review process could take a couple months, which suggests Airbnb may not go public until the end of November.
Facebook Bans QAnon, Anarchist Groups in Sweeping Crackdown
Facebook said it also will stop auto-suggesting more QAnon-affiliated groups and pages for people to follow.
TikTok to Launch Big Ad Campaign
The campaign, which starts in the U.S. before going global, is meant to draw more users to the popular app.
Apple’s Market Capitalization Hits $2 Trillion
The shares have more than doubled since their lows of late March, during the pandemic sell-off.
Indian Lawmakers Seek to Question Facebook About Extremist Posts
Regulators around the world are taking a closer look at the social network's policies amid growing concerns of its influence.
Trump Says He Supports Oracle Bid for TikTok
Oracle co-founder Larry Ellison is close to the White House and has helped raise money for President Trump's reelection campaign.
Google Staffer Takes Leave of Absence to Join Biden Campaign
Former Trump administration official hired by Google takes a leave of absence to join Biden’s campaign.
Uber, Lyft Eye ‘Fleet’ Contingency Plan in California
It's a Plan B if the companies lose their ability to operate normally in the Golden State.
NBCUniversal Vice Chairman Ron Meyer Steps Down Over Affair
Meyer, once a top agent, had run the studio for nearly 20 years before becoming vice chairman, where he provided "strategic guidance."
Viacom in Talks to Sell CNet for $500 Million
The sale is part of an effort by ViacomCBS to reduce its debt. Other assets expected to be sold include Simon & Schuster.
Amazon’s Expansion Plans Bet Big on the Office
Amazon’s plans to add thousands of office jobs comes as the future of remote work and the office is being debated.
India’s Reliance in Talks to Buy Local Online Retailers
After raising billions of dollars selling stakes in wireless carrier Jio Platforms, Indian billionaire Mukesh Ambani plans to build an online retail empire to fight Amazon.
Oracle in Early Talks With ByteDance to Buy TikTok
Oracle's discussions could provide ByteDance with an alternative to Microsoft, which has publicly said it wants to buy TikTok.
Quibi CEO Meg Whitman Endorses Biden at Democratic Convention
Quibi CEO Whitman, a longtime Republican, said Trump ‘has no clue’ how to run a business.
Justice Department Lawyers Debate Timing of Google Antitrust Lawsuit
The Justice Department is grappling with internal friction over timing of an antitrust lawsuit against Google.
SoftBank Group Builds Amazon, Nvidia Stakes
SoftBank Group has been buying liquid stocks to diversify beyond its startup-focused Vision Fund, which reported large losses earlier this year.
Apple Escalates Battle With Epic Games
Apple has warned Epic Games that it plans to kick the company out of its developer program, which could hurt an Epic product used by game makers.
Weekday mornings
The Information AM by The Information Staff
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