IBM Pulls 2020 Forecast After Mixed-Bag Quarter
IBM's cloud computing and subscription software businesses are growing, but uncertainty is clouding the rest of the company's outlook.
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Walmart Sells Vudu to Fandango
Deal for NBCUniversal-controlled ticketing service increases its video streaming ambitions.
Uber Broadens Package Delivery Service for Businesses
Uber desperately needs to make up for lost revenue from its core business.
Alibaba Cloud to Invest $28 Billion Over Three Years
The announcement comes amid the Covid-19 epidemic, which has increased demand for cloud services globally as more people work and communicate remotely.
Australia Will Make Google and Facebook Pay Media Companies to Publish News
After talks with Facebook and Google failed to move forward, Australia's competition watchdog said it would reveal the new rules at the end of July.
Facebook Takes On Twitch With Gaming App
The release was moved up because more people are staying inside due to the coronavirus pandemic.
Mnuchin: Deal Near on Additional Funding for Small Businesses
Congress and the Trump administration are scrambling to provide more money for struggling small businesses.
Microsoft Builds AI That Spots Security Bugs in Software
New debugging tool can sift through huge chunks of code to find security bugs before hackers do.
STX Entertainment Merges With Bollywood Giant Eros International
The private equity backed studio never seemed to take off as a maker of higher margin mid budget movies
Google Is Reportedly Working On a Physical Debit Card
The card appears to be a natural move for Google given the news in November that it was working with banks to offer checking accounts to its users.
Conspiracy Groups Target Gates Over Virus
Right-wing pundits and anti-vaccine activists are spreading falsehoods online about the Microsoft co-founder’s efforts to combat the coronavirus.
Airbnb Lays Off Contractors, Pulls Summer Internships
Airbnb had been looking to save costs by reducing its contract workforce for months. The move might delay Airbnb from firing any of its regular staff.
Vox Furloughs 9% of Workforce
Announcements had been happening through the week, the company has tentatively said it will last until July 31
Lime Buys Defunct Electric Skateboard Startup Boosted
The acquisition could help Lime catch up with its rival Bird on hardware development
China’s Economy Contracts for the First Time in Decades
The worse-than-forecast slowdown in China casts a shadow over the chances of the world's second-largest economy cushioning fallout from Covid-19 lockdowns.
Uber to Take $2 Billion Charge for Writedown of Didi, Grab Stakes
The charge will increase Uber's loss for the quarter.
Layoffs Likely at Booking.com, CEO Tells Employees
“Demand for travel is down to almost nothing,” Booking.com CEO Glenn Fogel said.
Twitter Pulls Funding From BuzzFeed Show
BuzzFeed's morning show AM/DM was cancelled after Twitter said it was no longer able to back it
Self-Driving Truck Developer Kodiak Lays Off About 20% of Employees
This the second, but not the last, set of layoffs in the autonomous vehicle development field amid Covid-19.
Facebook Bans Large Gatherings Until June 2021
The move is the strongest sign yet by a major tech company that life won't be returning to normal anytime soon.
Weekday mornings
The Information AM by The Information Staff
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