Lime Planning Layoffs, Facing Cash Crunch
Lime is reportedly planning layoffs after pulling its rental scooters from most of its markets last week. The company would otherwise have been in danger of running out of cash.
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Recent Editions
Bezos Tells Employees They’re Providing a ‘Vital Service’
Amazon CEO Jeff Bezos told employees even President Trump had thanked Amazon for the work its employees were doing.
Google Launches COVID-19 Website
he website has safety and prevention tips, but does not help funnel people to nearby testing facilities, which President Trump originally described.
Startups Begin Shipping Home Coronavirus Tests
As the U.S. struggles to test Americans for the coronavirus, startups are seeking to fill the void with home test kits.
Google Cancels Its Annual Developers Conference Entirely
Virtual conferences were supposed to save the events space during the coronavirus pandemic. Now they are being cancelled.
Stock Market Has Worst Week Since 2008
While most stocks were in the red, companies like Smile Direct Club jumped.
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.
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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