WarnerMedia Plans Thousand of Layoffs
The company, which owns Warner Bros, TNT and HBO, plans to cut costs by 20%
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Food Delivery Firms Raise Money
The United States’ top online grocer boosted its valuation by 31%.
WarnerMedia Hires Hulu Veteran as Ad Sales Chief
WarnerMedia is expected to reorganize its ad sales group in the coming weeks.
Amazon Unveils New Electric Delivery Van With Rivian
The vehicles could be on the road making deliveries to customers around the world by 2022.
IBM Spins Off Unit to Better Focus on Cloud
IBM will spin off part of its business dealing with managing computing infrastructure for clients, so it can better focus on its cloud operations.
FuboTV Prices Offering, Despite Financial Questions
The fact that FuboTV was able to raise $183 million in an IPO despite warning that its auditors had doubted its ability to continue as a going concern says something about the boom like nature of the IPO market.
Chinese Fintech Firm Lufax Files for New York IPO
The IPO will text global investors' appetite amid escalating geopolitical tensions between the U.S. and China.
Amazon Accuses Indian Partner of Breaking Contract With Reliance Deal
The spat illustrates how competitive the retail and e-commerce landscape in India has become as Amazon battles it out with competitors.
Samsung Forecasts Highest Quarterly Profit in Two Years
The upbeat forecast is a sign the consumer electronics industry is coming out of the doldrums brought on by the coronavirus outbreak.
Facebook to Temporarily Halt Political Ads After Polls Close on Nov. 3
Facebook is taking steps to ensure that it does not become a platform for promoting misinformation in the days immediately after the election.
Black, Latinx Founders Raise 2.6% of VC Funding
Black and Latinx founders have raised $2.3 billion in VC funding this year. It's more than previous years but only 2.6% of all U.S. investment.
U.S. Considers Restrictions on Ant Group, Tencent Payment Systems
The Trump administration may take actions against Ant Group and Tencent, the latest example of its efforts to curb the global economic influence of China.
Activist Calls for Disney to Invest More in Streaming by Permanently Suspending Dividend
Disney has already been more aggressive than other entertainment companies in refocusing the company on streaming but Loeb wants the company to invest more heavily.
Snowflake Board Members Launch New Cloud Startup
The startup, called Observe, aims to incorporate application performance analysis features from Datadog, Splunk, and New Relic into a single product.
Divided U.S. Supreme Court Expresses Concerns in Google v. Oracle
Justices on the U.S. Supreme Court questioned Google over its claims that copyright law does't apply to its use of Java to develop Android.
Broadcom Ends Exclusivity Deals Under EU Antitrust Settlement
The EU suspended the contested agreements while the probe was under way, a sign that regulators will take aggressive steps when pursuing big tech.
Japan’s Uzabase Puts Quartz on the Market
Whether Uzabase can recoup what it paid for Quartz is now the big question.
Trump to Tighten H-1B Visa Requirements
The tighter rules will likely impact outsourcing firms but probably not tech firms such as Amazon and Google, which are also top recipients of these visas.
SoftBank Shares Rally to Their Highest in 20 Years
The run up is likely driven by the broader stock market rally, which raises the value or IPO prospects of its listed and unlisted portfolio companies.
Facebook Takes Harder Stance on Qanon
The changes are Facebook’s strongest attempt yet at limiting the spread of Qanon, which a majority of the House voted to condemn last week.
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.
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