Tech Startups, VC Firms on List of PPP Recipients; a16z, Bird Deny Applying
The list included venture firms Index Ventures and Foundation Capital, which both say they should not have been included on the list.
Weekday mornings
The Information AM
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
Recent Editions
Disney Plus Downloads Spike After Hamilton Release
The app was downloaded more than 250,000 times in the U.S., according to an analytics company.
Quibi’s Test Arrives as Free Trials Expire
The service could face major subscriber churn in the coming days
Facebook, WhatsApp Suspend User Data Requests in Hong Kong
The decision comes after China passed a national security law for Hong Kong that broadened the powers of mainland Chinese authorities in the city-state.
China’s Homegrown Rival to Intel Seeks to Raise $7.5 Billion From Domestic IPO
SMIC is benefitting from the U.S.-China tech rivalry and its domestic IPO will be the biggest in a decade.
Indian Startups Boom After Government Bans TikTok and Dozens of Other Chinese Apps
TikTok was among 59 Chinese apps banned by the Indian government after deadly border skirmishes with China.
Uber to Acquire Postmates for About $2.6 Billion
But Postmates wasn't Uber's first choice, and DoorDash is still No. 1
European Regulator Plans Big New Push Against Tech Firms
The latest European regulatory push would be a multipronged bill that would, among other things, deal with tech companies' liability for content on their platforms.
Intel Buys Stake in Ambani’s Jio Platforms
Intel joins a roster of big tech and private equity firms investing billions into India's largest wireless carrier.
Away CEO Steph Korey Will Step Down Again Within the Year
Following comments on social media, Korey will again depart the luggage startup.
Senate Committee Passes Bill Targeting Tech’s Legal Immunity
The Senate Judiciary Committee approved a bill that would weaken online platforms' immunity to lawsuits over user-posted content.
Reuters Plans Paywall for Certain Articles
Reuters would become one of the last free major news services to adopt a subscription-based business model.
VMware Acquires Cloud Backup Firm Datrium
With Dell Technologies reportedly mulling a spinoff of its VMware subsidiary, VMware makes a move to boost its data backup business.
Tesla’s 2020 Stock Rally Continues After Q2 Delivery Report
Tesla's market cap is breaking away from former top dog Toyota.
Insurance Tech Firm Lemonade Stock Soars on Opening Day
Lemonade's IPO was priced higher than initially expected but still well below its most recent private market valuation.
California Sues Cisco for Alleged Caste Discrimination
Although U.S. labor law doesn‘t protect against class-based discrimination, state regulators are arguing the alleged behavior violates religious protections.
U.K. Regulators Question Google Search Deal With Apple’s Safari
The deal between Google and Apple’s Safari could create “a signifiant barrier to entry and expansion” for Google’s rivals in the search engine market.
Zoom Delays Report on Government Data Requests
Report outlining how governments are requesting user data from Zoom, which was due June 30, has been pushed back until later this year.
Apple’s Tim Cook Said to Sign On to House Antitrust Hearing
The Apple CEO has bowed to the inevitable and agreed to testify before Congress, along with fellow chief executives at Facebook, Amazon and Google.
Google Delays Office Re-Opening in U.S.
On Wednesday, Apple also announced that it will close an additional 30 U.S. retail stores this week that it had recently reopened.
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