The Atlantic Cuts 17% of Staff
The publication has attracted 90,000 subscribers since March, but has seen huge drops in its events and advertising business amidst the coronavirus pandemic.
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Recent Editions
SoftBank Investigated COO for Possible Ties to Money Laundering and Drug Cartels
The report, which cleared COO Marcelo Claure, suggests Vision Fund's Rajiv Misra was behind the investigation.
Down Rounds Hit Highly Valued Samsara, Rent the Runway
Expect more down rounds ahead. They give startups the runway to keep going, but damage existing shareholders like employees.
Expedia Bookings Fell by 39% in First Quarter
Signs of a rebound sent its shares up 4% after hours.
Video Game Publisher Warns of Post-Coronavirus Fade
The publisher of video games including Grand Theft Auto and Red Dead Redemption reported a surge in revenue and post-game purchases during the March quarter.
Twitter Lets Users Limit Who Can Respond to Their Tweets
While seemingly a small tweak, this new feature could result in Twitter users feeling more comfortable with posting on the service more.
Coinbase to Make Working From Home Permanent
The crypto company said the new policy, dubbed “remote-first,” would be an asset in recruiting talent globally.
Apple and Google Release Contact Tracing Technology
Health departments in Alabama, North Dakota and South Carolina are the first commit to building apps that leverage the technology.
Senate Bill Targets Chinese Companies for Delisting
Growing hostility toward China leads Senate to pass a bill aimed at delisting Chinese companies over accounting standards.
Card Startup Brex Raises $150 Million
The startup was already well-financed, but its customers are struggling as the economy contracts.
Google Signs Cloud Deal With Defense Department Unit
In the deal for at least $1 million, Google will help the Defense Department with its cybersecurity initiatives.
Luckin Coffee Faces Possible Delisting
Luckin plans to appeal the delisting motion from Nasdaq, which started the process after the Chinese online coffee-delivery company admitted making up sales.
Facebook to Limit Office Capacity, Require Temperature Checks
As one of the first big companies to send its workers home due to the coronavirus pandemic, how Facebook plans to reopen is being closely watched.
Benchmark Raises $425 Million Fund, This Time Without Bill Gurley
The firm, known for investments in Uber and Instagram, raised the fund sooner than expected.
Google Stops Building AI for Oil and Gas Projects
The decision comes two years after Google declined to renew a controversial military contract that used its AI algorithms in battlefield drones.
Spotify Nabs Joe Rogan Podcast Exclusively
News that the comedian’s popular podcast will be exclusive to Spotify sent the music streaming company’s stock up 11%.
Zoom Restricts Free Users in China
Videoconferencing provider has seen surging global usage of its service during the Covid-19 pandemic.
Microsoft Touts Cloud Supercomputer for OpenAI Work
At its annual developer conference, Microsoft shows off a cloud-based computer capable of handling large-scale AI projects.
Facebook Makes Commerce Push With New Shopping Features
A new hub for businesses to list their goods, called Facebook Shops, will be available in both the main Facebook app and Instagram.
Katerra Shakes Up Leadership, Raises More Money From SoftBank
The construction startup has replaced CEO Michael Marks with COO Paal Kibsgaard.
Weekday mornings
The Information AM by The Information Staff
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