Robotics Startup Kindred AI Quietly Switches CEOs
Kindred AI, which makes industrial robotic arms that sort items in retail fulfillment warehouses, has recently seen increased business from customer Gap Inc.
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Zuckerberg, Pichai Willing to Appear Before House Committee, Report Says
Amazon’s Jeff Bezos also agreed to meet, while it is still unclear whether Apple CEO Tim Cook will appear before the House Judiciary Committee.
Instagram Becomes Major Source of News
Instagram is likely to pass Twitter as a source of news by next year, the study said.
Disney Combines Ad Tech With Hulu
The company has tapped Jeremy Helfand, a Hulu executive, to oversee the new combined group.
GroupM Projects 13% Decline in U.S. Advertising
The agency anticipates that the downturn won't be as bad as 2008 and that the market will bounce back in 2021.
EU Launches Apple Antitrust Probes Into App Store, Apple Pay
The EU’s probes of Apple could put pressure on U.S. regulators to take a more aggressive approach in their own investigation of the iPhone maker.
SoftBank-Backed Grab to Lay Off Nearly 5% of Employees
Grab's CEO says the company needs to be prepared for what may be a long recovery period for the global economy after the pandemic.
Facebook Enables WhatsApp Payments in Brazil
Facilitating commerce represents a big monetization opportunity for WhatsApp and its parent company, Facebook.
Researchers Find Trove of Unsecured Dating Site Images, Video
The finding is the latest of several cases in which researchers found that developers running applications on AWS left data open on the internet.
Amazon’s Bezos Open to Congressional Appearance
Amazon CEO Jeff Bezos is open to testify at a hearing for a House antitrust investigation in what could be his first Congressional appearance.
Six Former eBay Employees Charged Over Harassment
Former security officials with eBay were charged with a harassment campaign directed at a couple that run an ecommerce newsletter.
Walmart Partners With Shopify
The partnership will make Shopify and Walmart a more potential rival to Amazon.
Venture Firms Invited to Share Efforts to Combat Racism Under #JuneteenthVC Hashtag
Foundation Capital calls on other venture firms to celebrate Juneteenth with day of action in VC.
Former Employees Allege Mistreatment at Pinterest
Former Pinterest employees allege that they were treated unfairly while working at the company.
Quibi on Track to Have Less Than 2 Million Subs After First Year
The company is far off its target of having 7.4 million paid subscribers by next April.
SoftBank-Backed Credit Suisse Fund Finances Some Vision Fund Startups
The report on SoftBank's investment in the Credit Suisse fund comes as the Vision Fund's major portfolio companies are struggling to shore up their finances.
Facebook Fires Employee Over Tweet
In a tweet, the employee called out another Facebook staffer for refusing to add the text “Black Lives Matter” to a company document.
AT&T Eyes Sale of Gaming Division for $4 Billion
A sale could help the company pay down debt and focus more on its core business.
Twitter Plans Account Verification Tied to Government IDs
The new system could have broad implications for advertisers and the company’s efforts to fight spam and abuse.
California Reviewing Amazon’s Treatment of Third-Party Sellers
California appears to be the newest front in Amazon's battles with regulators over alleged misuse of data collected from third party sellers.
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The Information AM by The Information Staff
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