Lyft Loses Funding Source for Self-Driving Car R&D
The move is noteworthy because it means Magna’s financial contribution to its Lyft partnership is ending, which could force Lyft to cut costs.
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Microsoft Hired Danish Diplomat, Establishes U.N. Office
These hires, which aren't conventional corporate lobbying positions, are part of what looks like an effort to create something like a diplomatic corp.
Airbnb to Award Employee Bonuses Tied to Guest Safety, Other Metrics
As Airbnb nears a direct listing, the company says it will annually update "stakeholders" on a series of metrics such as host earnings and guest safety.
Biden Calls for End to Online Platform Legal Immunity, Hits Out at Zuckerberg
Biden calls for the revocation of Section 230 of the Communications Decency Act, which protects online platforms from lawsuits over user-posted content.
WeWork in Talks to Sell Majority Stake in China Business
Selling its money-losing China business could help WeWork as it struggles to recover from a failed stock market listing.
Rivals Sue Facebook Demanding Zuckerberg Give Up Control
Facebook is facing more scrutiny for what critics allege is anticompetitive behavior, and faces antitrust investigations along with Amazon by U.S. regulators.
Alphabet Market Cap Hits $1 Trillion
The company is the just the sixth to ever hit the $1 trillion mark, thanks to stock gains driven by ad sales, acquisitions and expansion into new businesses.
McAfee Switches CEOs in Possible IPO Preview
Chris Young, who has led McAfee as CEO since its 2017 spinout from Intel, is stepping down from the role.
Mojo Vision Reveals AR Contact Lenses
The California-based startup is developing a smart contact lens that will likely be welcomed by enthusiasts who find current AR-glasses too awkward and bulky.
NBCU Unveils More Details of Peacock
NBCU's subscriber projections for Peacock show modest expectations for a service that is getting a relatively modest investment.
Facebook Retreats From Plan to Show Ads in WhatsApp
The retreat is noteworthy because the plan to put ads in WhatsApp is what led to the dramatic departure of the app's two co-founders in 2018.
Google Cloud Launches Premium Support Services
Customer support service upgrade features speedy response times and access to Google Cloud engineers with deep knowledge of customer applications.
Pelosi Blasts Facebook’s ‘Shameful’ Behavior, Complicity in Misleading Americans
In the latest sign of Democratic ire toward Facebook, Nancy Pelosi said the company is schmoozing the Trump administration to avoid antitrust action.
DOJ-Goldman 1MDB Settlement Could Come by End January
A settlement would mark a big step toward ending the affair, which has dragged on for almost 4 years and tarnished the bank's reputation.
Senate Passes U.S.-Mexico-Canada Trade Pact
The Senate passed a trade deal with Mexico and Canada with some tech industry wins the same day the House voted to send impeachment articles to the Senate.
Didi Ride Hailing Rival Seeking Funding, Mulling IPO
The fund raising and IPO, were they to happen, would mark an escalation of Dida’s rivalry with the much larger Chinese ride hailer Didi.
Tesla Plans R&D Center in China
The proposed center is a smart government-relations move for Tesla, which shows the company is investing in China and hiring and training skilled workers.
New Investment Makes Joby Richest Flying Taxi Startup
Joby is a significant player in the field and the funding gives Toyota a significant stake in the booming, if regulator-challenged, industry.
Three Senior Uber Finance Managers Departing
Three core financial managers, including the most senior female executive in Uber's finance org, are leaving.
Cloudflare Offers Free Security Tools to U.S. Campaigns
The move, an extension of its giveaway program for civil rights groups, humanitarian organizations and journalists, aims to protect against cyberattacks.
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The Information AM by The Information Staff
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