Lyft to Lay Off 17% of Staff
Lyft's staff cuts come as Uber is discussing layoffs of a similar scale, as the pandemic has devastated the ride-hailing business.
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Recent Editions
Amazon Renews NFL Deal
The deal gives Amazon the rights to exclusively stream one Saturday nationally outside the local markets of the teams that are playing.
Spotify Sees Drop in Ad Revenue
The coronavirus pandemic has hit as Spotify has been making a big bet on growing ad revenue from podcasts.
Nasdaq-Listed Chinese E-Commerce Giant JD.com Seeks Hong Kong Listing
JD.com follows in the footsteps of Alibaba in seeking to list its shares closer to home, where it could get higher valuations.
Samsung Chip Sales Rise as More People Work From Home
The increase in chip sales comes as more people work from home, which requires purchases of personal computers and servers to keep data centers running.
Facebook’s Boardroom Tensions Exposed
Facebook CEO Mark Zuckerberg has done a dramatic overhaul of the company's board in recent months after clashing with former directors.
Oracle Lands Zoom as a Cloud Customer
Video conferencing company, which already uses Amazon Web Services and Microsoft Azure, is now adding a surprising new cloud provider to the mix.
Uber Considers Laying Off 20% of Employees
The potential cuts reflect the enormous falloff in Uber's ride hailing business caused by the pandemic
Google Revenue Rises 13% On Early 2020 Ad Strength
The revenue increase was boosted by strength in its ad business until shutdowns from the coronavirus hit in March.
TripAdvisor Lays Off One-Fourth of Staff
TripAdvisor is one of a number of companies looking to shed costs in part by ditching some of their real estate.
Google Says Employee Return Will Be Staggered
Though CEO Sundar Pichai didn’t provide a specific date for a return, he said the company’s work-from-home policy will continue at least through June 1.
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.
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.
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