Quibi Execs Take 10% Pay Cuts, Eye Layoffs
The pay cuts and potential layoffs come two months after the company launched its streaming service.
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Recent Editions
South Korean Prosecutors Ask for New Arrest Warrant for Samsung Heir
The charges threaten to create a new distraction for the conglomerate, which already has been struggling amid the outbreak of Covid-19.
Warehouse Workers Sue Amazon After They and Family Contracted Covid-19
The workers allege conditions at the warehouses contributed to their contracting the coronavirus and spreading it to family members, one of whom died.
Senate Passes Bill Amending PPP Requirements
Small business owners will now have 24 weeks, not eight, to spend PPP loans and still qualify for loan forgiveness.
New RealNetworks Software Identifies People in Videos
Streaming video pioneer, which has kept a low profile for the past decade, announces new facial recognition-infused software for consumers.
Early Facebook Employees Pen Letter of Protest
Facebook CEO Mark Zuckerberg is grappling with an unusual outpouring of dissent from current and former staff.
CES Plans for In-Person Show Next Year
Since the coronavirus outbreak, tech conferences have mostly either been canceled or moved to a virtual format.
YouTube Restricts Content That Incites Violence, Google Exec Reiterates
At the annual shareholder meeting, CEO Sundar Pichai addressed how Google had responded to the “rash” instances of violence against black community in the U.S.
AMC Theaters Raises ‘Substantial Doubts’ It Can Stay in Business
The company lost $2.1 billion in the first quarter as the Covid-19 related shutdowns ground its business to a halt
Organization Accelerating Black Investors to Host Day of Action
Thursday's event will showcase the struggles black founders, investors and tech employees face in the tech industry.
Andreessen Horowitz, SoftBank Launch New Funds for Underrepresented Founders
The Talent x Opportunity Fund is a donor-advised seed fund designed for underrepresented entrepreneurs.
Snapchat Stops Promoting Trump’s Account
“We will not amplify voices who incite racial violence and injustice by giving them free promotion on Discover,” said Snapchat in a statement.
Warner Music IPO Takes Off
Warner Music today generates 50% more revenue than when it was taken private by Russian industrialist Len Blavatnik, a sign of how streaming has helped turn the music industry around.
Tech Group Files First Lawsuit on Trump Social Media Order
The suit claims that Trump issued an executive order on regulating social media as retaliation against Twitter for fact-checking his tweets.
Huawei Running Into Resistance in the U.K.
In the face of relentless pressure from the Trump administration, U.K. security officials might recommend that wireless carriers drop Huawei equipment.
Google Removes India-Made App That Purges Chinese Apps From Phones
The move comes amid rising tensions between China and India along the border and growing suspicion of Chinese apps, some of which are accused of tracking users.
Facebook Invests in Indonesia’s Gojek
The stake in the Indonesian app that does everything from ride hailing, food delivery and digital payments marks the second big push for Facebook in the region.
Zoom’s Paid Users Surging During Covid-19 Pandemic
Zoom has seen a flood of non-paying users during the pandemic, including K-12 schools, but its base of paid customers is also growing steadily.
Lyft Details Slight Improvement In Ride-Hailing in May
Lyft says a continuation of May's trends through June would mean a slightly smaller second quarter loss than it had been expecting. The wild card are the curfews now in place in major cities.
Twitter Names Patrick Pichette as New Board Chair
The board shuffle indicates that there are more structural governance changes happening inside Twitter.
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