Airbnb Cuts Internal Valuation 16% to $26 Billion
The valuation cut reflects the decline in Airbnb's business caused by the pandemic.
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Apple Extends Store, Office Closures Through Early May
The prolonged closures are a challenge because of Apple’s secretive culture, hardware focus and dependence on Chinese manufacturing.
Disney to Furlough Employees
The decision affects employees whose jobs are “not necessary at this time.”
Carmakers Show Big Sales Decline; Tesla Surprises
Like many other consumer products, car sales saw colossal declines in March.
GitHub Suffers Outage Amid Microsoft Cloud Capacity Crunch
Code-sharing service was unavailable for some users for nearly an hour for reasons that aren't yet clear.
Apple Accidentally Confirms Tile Competitor
AirTags have been rumored for quite awhile, though Thursday’s leak is the clearest indication that they may be coming soon.
More People Likely to Cancel Streaming Service Before Cable, Survey Shows
If the economy continues to sour, streaming services may be the first thing that many customers give up, according to a recent survey by Kagan.
Senior Amazon Executive Suggested Smear Campaign Against Warehouse Employee
Notes from a meeting that included senior Amazon executives show the company's attempt to manage bad press around its treatment of workers, according to Vice.
Venture Capital-Backed Startups to Be Eligible for Stimulus Loans
House Minority Leader Kevin McCarthy offered some hope for venture capital-backed startups wishing to secure loans from the federal government.
Google to Start Allowing More Covid-19 Ads Amid Democratic Pushback
Democrats had argued that Google’s ad block shielded President Trump and his administration from critique.
Amazon Says It Has Already Hired 80,000 More Workers
The hiring spree comes after the company said on March 16 would bring on 100,000 more workers to help meet a jump in demand during the coronavirus pandemic.
China’s Starbucks Rival Luckin Says Executive Fabricated $300 Million in Sales
The company had earlier denied allegations by short seller Muddy Waters that it had made up sales figures.
Zoom Video Says Service Wasn’t Built for Current Boom in Usage
Zoom Video said 200 million daily meeting participants used the service in March, up from 10 million in March. Along the way, bumps have arisen.
U.S. Officials Look at New Ways to Tighten Tech Exports to China
The tighter restrictions eyed by the U.S. administration would tighten loopholes and close exemptions that have allowed Chinese firms to buy some kinds of tech.
Apple Now Allows Movie Purchases in Amazon App
The move implies that Apple may have relaxed its ironclad rule on exacting a 30% cut on all in-app transactions.
SoftBank Backs Out of WeWork Tender Offer
The move sets up a potential legal fight between WeWork shareholders and SoftBank.
FCC Plan Would Expand Airwaves for WiFi, Ease Congestion on Shared Networks
FCC plan would expand WiFi capacity ahead of surge in spectrum drain created by the Internet of Things
Collaboration App Notion Raises Money at a $2 Billion Valuation
The fundraising shows that some startups in Silicon Valley are able to raise money at higher valuations.
Lyft Hires Senior Waymo Self-Driving Car Engineer
Yet another senior engineer from Alphabet's Waymo subsidiary decamps for a rival self-driving car developer—this time Lyft.
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