Oyo to Lay Off 3,000 Employees in India, China
The company has laid off about 1,800 workers so far, with more to come in the next few months. It's the latest purge at a SoftBank-backed firm.
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Alibaba Wins Kudos for Gay-Friendly Ad
The ad, which appeared to show a gay couple, was a rare depiction of China's LGBT community.
Grubhub Finally Speaks, Says It’s Not Selling Itself
The statement drove the stock lower, but the delay in responding to reports of a possible sale may lead to some skepticism about what it said.
Grubhub Changes Phone Ordering Amid Sale Talk
The change follows a backlash in New York City from restaurants that were sometimes forced to pay fees for calls that didn't result in food orders.
Verizon Gives Customers Choice on Internet, TV Bundles
Verizon's new TV offering gives customers a little more choice in the cable channels they pay for but it doesn't go as far as most would probably want.
Zuckerberg Predicts ‘Breakthrough’ AR Glasses This Decade
Of all the Silicon Valley titans, Facebook CEO Mark Zuckerberg is perhaps the most bullish on the promise of AR glasses replacing mobile phones.
Data Management Firm Veeam Acquired for $5 Billion
Veeam, a 13-year-old data management company based in Switzerland, plans to increase its presence in the U.S. after the acquisition closes.
Lime Lays Off 14% of Employees, Pulls Out of A Dozen Cities
The scooter startup had pledged to slash local operating costs to burn less cash. "Financial independence is the goal for 2020," CEO Brad Bao wrote to employees.
Official Data Suggests iPhone Shipments in China Fell 13% in Q4 2019
The data offers early clues to Apple’s performance in China ahead of its latest quarterly earnings due Jan. 28.
Facebook Sticks to Political Ad Policy That Allows False Claims
Facebook will give users more control over political ads they see in a policy that departs from the more restrictive approach taken by Google and Twitter.
WeChat’s Mini Programs Are Gaining Traction
The development of WeChat's mini programs is crucial to Tencent's ability to keep increasing its revenue.
Researchers Uncover Security Flaws in TikTok
TikTok owner ByteDance is already under scrutiny by U.S. officials who fear that the popular Chinese-owned app could pose a security risk.
HP to Xerox: Drop Dead
HP's latest response to Xerox appears to rule out any possibility of a negotiated deal, unless Xerox raises its offer price.
Oracle’s Chief Marketing Officer Departs
Rupal Shah Hollenbeck, a former Intel executive who joined Oracle as senior vice president and CMO in December 2018, has left the company.
Katzenberg and Whitman Debut Quibi
Streaming Service will launch in April with a handful of new shows and questions
Inside Twitch: Struggles With Ad, Audience Growth
The live-streaming platform is struggling to grow ad revenue significantly.
Grubhub in Play as Food Delivery Preps for Consolidation
In the cash-burning U.S. food delivery market, the only way forward is M&A.
Cuomo Calls for New York Law Protecting Gig Workers
Cuomo's comments suggest New York may follow California in requiring companies like Uber and DoorDash to give benefits to drivers and other contractors.
Facebook: We Should Have Acted Faster on Pelosi Video
Facebook’s Monika Bickert told a congressional panel the company should have moved faster to label as false a video that made House Speaker Pelosi appear drunk.
Apple News’ Readership Grows 17%, Apple Says
Apple's update shows monthly use of its free news app is growing, although it's given no update on subscriber numbers for its paid news subscription service.
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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