Airbnb Borrows Another $1 Billion
Like the first round of capital, the interest rate is high. The loan potentially cots Airbnb hundreds of millions of dollars in debt payments a year.
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WeWork CEO Warns of More Staff Cuts
WeWork's CEO said it plans to make another round of staff cuts by the end of next month, adding to the thousands of employees the company has already laid off.
Wall Street Banks Brace for Loan Default Wave
Two of the largest U.S. banks have set aside more than $12 billion to protect against against souring debts
New Cisco Program Lets Customers Buy Now, Pay in 2021
Program lets customers defer all payments for 90 days and put off the rest until January of next year.
Roku Says Streaming Hours Way Up
But the paralyzed advertising market during COVID-19 will hurt the company's business throughout the year
Google-Designed Chips to Arrive Next Year
Currently, Google uses processors from Qualcomm, but moving chip development in-house could give the company more control over its devices.
Lightspeed Secures $4.2B to Invest in Startups
Even as tech startups are starting to see a slowdown in investing, Lightspeed Venture Partners has raised more than $4 billion for three new funds.
Venture Capital Raised $21 Billion
Large funds have been able to raise money even as smaller firms struggle.
Vox Discussing Employee Furloughs
The furloughs are reportedly expected to affect employees whose coverage area has been affected by the shutdowns
U.S. Coast Guard Eyeing Pentagon-Like Cloud Deal
The potential deal highlights the stakes associated with the Pentagon's cloud deal.
Ad Giant Predicts ‘Unprecedented’ Dip in Spending
The grim prediction is a sign of what's to come for ad-driven tech firms like Google and Facebook.
Quibi Touts 1.7 Million Downloads in First Week
CEO Meg Whitman also said the company is accelerating plans to launch streaming to television capabilities.
Self-Driving Car Startup Zoox Lays Off Roughly 100 Employees
The latest casualty of the Covid-19 recession is one of the most ambitious startups in Silicon Valley.
Disney’s Iger Begins to Chart Future
Iger, like other media company executives, is looking at getting rid of old-school, expensive traditions, like the upfronts to advertisers.
SoftBank Warns of Huge Vision Fund Loss
The Japanese conglomerate blamed the performance on market conditions, but the fund already had been under pressure from struggling investments.
Amazon to Hire Another 75,000 Employees
Amazon’s extraordinary move shows how the e-commerce giant is struggling to cope with demand caused by the pandemic.
SF Mayor Caps DoorDash, Uber Restaurant Commissions
The move is an effort to help restaurants avoid closing permanently, but it's not enough.
Apple, Google Working on Coronavirus Tracking Through Phones
The two bitter tech rivals have teamed up to develop tools to conduct "contact tracing" to help fight the spread of the coronavirus.
NBCU Launches Movie Nights With Only a Few Ads
NBCU's programming move likely is a response to reduced demand from advertisers.
Google Helps New York State Launch New Unemployment Application Website
In recent weeks, New Yorkers filing for unemployment have been frustrated by the inefficiencies of the existing application system.
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.
By providing your email, you agree to The Information’s Privacy Policy