TikTok CEO Reassures Employees After Threat of Trump Ban
TikTok executives told employees that the app will come out stronger through an acquisition, but cautioned that the details of such an outcome are uncertain.
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Ex-Google Engineer Levandowski Sentenced to 18 Months in Prison
The judge said the goal was "deterrence" of future possible offenders.
Disney Earnings Take Huge Hit on Parks Closures
The coronavirus caused a $3.5 billion negative impact on the parks and resorts segment.
Quantum Computing Startup Rigetti Raises $79 Million
Quantum computing is still in its early stages, and Rigetti is one of a handful of startups aiming to build a business around the technology.
Longtime Apple Marketing Chief Phil Schiller Steps Into New Role
Apple's longtime marketing chief Phil Schiller is shifting to a new, more limited role overseeing the App Store and events.
Europe’s Investigation Into Google-Fitbit Deal Widens
Europe's antitrust authority said it will expand its antitrust investigation into Google's $2.1 billion acquisition of Fitbit.
Alibaba Boosts Investment in China’s Xpeng Before IPO
Alibaba is counting on the Chinese electric car maker's IPO after a surge in Tesla's stock and Chinese rival Li Auto's $1.1 billion Nasdaq listing.
Chinese State Media Accuses U.S. of Theft in TikTok Saga
The accusation of by a state-run newspaper mirrors U.S. allegations that China steals American tech.
Facebook Inks Major New York Office Lease
The deal is a sign that tech companies still expect a large swath of their employees to want to work in offices in big cities after the coronavirus abates.
Twitter Faces $250 Million FTC Fine for Data Misuse
Twitter said it expects to be fined by the FTC for taking user phone numbers and email addresses gathered for security purposes to also inform its ad targeting.
Google Invests $450 Million in Home Security Company, ADT
ADT’s technicians will also begin selling and installing Google’s Nest security devices and services.
California and New York Join Fed’s Amazon Antitrust Probe
New York, California and Federal Trade Commission are working together on antitrust investigation of Amazon.
Trump Says U.S. Treasury Deserves Cut of TikTok Deal
Trump sees an opportunity for the U.S. Treasury to profit from a TikTok sale.
Electric Truck Maker Lordstown Motors to Go Public via SPAC Merger
The deal will value the electric vehicle startup at $1.6 billion.
Google Announces Pixel 4a and Next Generation 5G Phones
The Pixel 4a, which is available for preorder now and will ship on August 20th, will cost $349.
FCC Launches Review of Digital Platforms’ Legal Immunity for User Posts
The Federal Communications Agency officially launched a review of a law that protects Internet companies from being sued over user-posted content.
TikTok’s Founder Says He Understands U.S. Order To Divest in Current Political Climate
Zhang Yiming said he disagreed with the U.S. government's order that he must sell control of TikTok, but that he understood given the current context.
Chinese A.I. Company Says It’s Suing Apple for $1.4 Billion Over Copyright Infringement of Siri
The lawsuit, if successful, could prevent Apple from products that use Siri in China's vast market.
Weekday mornings
The Information AM by The Information Staff
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