Quartz to Cut Headcount by Almost Half
The cuts come as the company has seen revenue in the first quarter drop by more than 50%.
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The Information AM
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Recent Editions
Kids Advocates Say TikTok Broke Privacy Promises
TikTok has attracted the ire of more than a dozen kids and consumers advocates over alleged lapses in its privacy policies.
U.S. Government Says Hackers Trying to Steal Covid-19 Researcher Are Linked to China
U.S.-China relations continue to deteriorate as both sides trade accusations of a Covid-19 coverup and compete to find a cure for the disease.
Cisco Sales Dip 8% as Customers Delay Networking Purchases
Despite customers in hard-hit industries rethinking large-scale networking upgrades, Cisco CEO says the company is well-position for a downturn.
Netflix Buys MGM Film That Had Been Theater-Bound
Another case of a studio offloading its once-planned theatrical release to a streaming service.
Health Officials Capitulate to Tesla CEO Musk Over Manufacturing Reopening
Elon Musk showed he has considerable sway over local authorities.
Uber Requires Drivers and Riders to Wear a Mask
Ride hailing's recovery will partly be tied to whether passengers and drivers feel safe enough to avoid contracting Covid-19.
Democratic Senators Call for Civil Rights Expertise on Facebook’s Board
Democrat demand for civil and human rights expertise on Facebook's board stems from frustration over flood of misinformation during the pandemic.
Tencent’s Quarterly Earnings Powered by Users at Home in China
The impact of the coronavirus on Tencent’s businesses is a good barometer of how other internet companies are faring in China and globally.
Luckin Coffee Terminates CEO and COO in Wake of Fraud Investigation
The company sacked the founder and COO, who had been implicated in faking sales figures, and also removed the company's chairman from some key corporate boards.
Apple Employees to Return to Offices Sooner Than Tech Rivals
The company plans to return in phases—the first of which has already begun for employee whose jobs require them to be in the office.
Audio Social App Clubhouse Fields Investment Offers
Andreessen Horowitz may be interested in leading a roughly $10 million round at a valuation of at least $100 million.
House Antitrust Chair Blasts Idea of Uber-Grubhub Deal
The lawmaker’s strong words reflect concerns that companies are taking advantage of the current Covid-19 crisis to build their market share.
Oracle Inks Cloud Deal With Videoconferencing Provider 8x8
Oracle has signed up another videoconferencing provider for its cloud service, and this time is touting it as a competitive win against Amazon.
Some Twitter Employees Allowed to Work From Home Permanently
“Opening offices will be our decision, when and if our employees come back, will be theirs,” Twitter said.
Uber Makes Takeover Bid for Grubhub
If a deal is reached, it would bring together two of the biggest U.S. online food-ordering services.
Disney to Stream ‘Hamilton’ This July
The filmed musical was originally supposed to be shown in theaters in late 2021.
Facebook Behind Launch of New Industry Advocacy Group
A lobbying group backed by Facebook will highlight the benefits Silicon Valley brings to the U.S. economy.
Binance CEO Is Bullish on Bitcoin
Bitcoin's price has recovered to about half of its late 2017 peak, ahead of an event called a halving when rewards for the currency's miners are reduced.
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