Universal’s Trolls Film Does Boffo Business—but Theater Chain Objects
The results should overcome longstanding resistance from Hollywood veterans to releasing new films on digital rental services rather than in movie theaters.
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Recent Editions
Senator Calls for Criminal Probe of Amazon’s White Label Sales
Sen. Josh Hawley, a frequent critic of big tech, calls on the Justice Department to investigate Amazon's “predatory” tactics.
China Sets Tough Rules for Purchases of IT Equipment for Critical Infrastructure
The new cybersecurity rules are vaguely worded, leaving many worried that they will be used to exclude foreign firms from key infrastructure projects.
Autodesk Lets Customers Use Software Free for 90 Days
While CEO Andrew Anagnost says the move could hurt Autodesk's financials, the decision could convince customers to stay on longer.
Tesla Reverses Plan to Bring Back Some Workers Before Health Orders Expire
Tesla’s moves shows how companies may clash with local government as the first wave of the pandemic wanes.
SBA System Crashes With Rush of Emergency Loan Applications
The episode shows the continuing challenges that businesses will have in accessing the loan application system.
Google Releases Wireless Earbuds
The new Pixel Buds cost $179, which make them slightly less expensive than Apple’s $199 AirPods which have a similar wireless charging case.
Apple Delays Production of New iPhones
Apple also plans to reduce the number of phones it makes by up to 20%, responding to what is likely to be weaker demand caused by the economic downturn.
Chinese Regulator Probes Luckin Coffee for Inflating Sales
Because Luckin's shares are publicly traded in the U.S., China's business regulator as opposed to its securities regulator is handling the investigation.
Alibaba Demotes Senior Executive After Investigation
The demoted executive, former Google engineer Jiang Fan, was seen as the top contender to eventually replace Alibaba CEO Daniel Zhang.
China Jailed Huawei Employees After Discussing Iran Business
The revelation is bound to raise more concerns about Huawei’s relationship with the Chinese government.
Airtable May Triple Valuation in New Funding
Airtable's talks show that some startups are still able to raise at increased valuations despite the overall economic downturn.
Facebook Joins List of Rivals to Zoom
Given Facebook’s vast reach, the social network could steal away some of the more casual usage Zoom has attracted while people hunker down indoors.
Facebook’s $5 Billion FTC Settlement Approved by Court
A federal judge puts the final seal of approval on Facebook's record breaking penalty for violating its users’ privacy.
China Orders Bytedance to Stop Downloads of Slack-Rival App
China's decision hurts Bytedance's efforts to expand into the enterprise market.
Slack Won’t Reopen Offices Before Sept. 1
The San Francisco-based company said the decision would protect employees and allow for more flexibility should another wave of the coronavirus hit.
AT&T CEO to Step Down
Randall Stephenson will step down as CEO in July and remain executive chair until January 21.
Intel Withdraws 2020 Forecast
Despite posting better-than-expected sales in the first quarter, shares in the chipmaker fell after its warning that it would pull its forecast for the year.
Google to Reportedly Cut Marketing Spending Up to 50%
The news sheds light on an internal email last week, in which Google CEO Sundar Pichai said the company would be “recalibrating” its marketing spending.
Congress Approves Another $310 Billion for Small Business
House passes legislation that adds $310 billion to the depleted Paycheck Protection Program.
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