Apple Supplier Foxconn Reports Rising Profits Despite Slower Smartphone Sales
Foxconn said its second-quarter profit was $778.54 million, an increase of 34% over last year as telecommuting made up for falling phones sales.
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Tesla Splits Stock 5-for-1 in Bid for Small Investors
The decision comes on the heels of a stock split by Apple, whose shares have also rocketed this year.
Venture Capital Investment Only Took ‘Modest’ Coronavirus Hit
VC-backed startups may have been 'spared from the worst of Covid-19,' says new academic study that counters early forecasts of the pandemic's impact.
TikTok Collected User Data in Violation of Google’s Android Policies
The data harvesting stopped around the same time the U.S. government opened a national security review of the popular video app.
Former Pinterest COO Alleges Gender Discrimination at Pinterest in New Lawsuit
Françoise Brougher is the third prominent employee to publicly accuse the social media giant of discrimination in recent weeks.
Scribd Buys SlideShare From LinkedIn
Slideshare brings more than 100 million users to Scribd's audiobook and e-book subscription service.
Biden Picks Kamala Harris as Running Mate
During her tenure as California’s attorney general, she viewed big tech as an ally.
Microsoft Delays Halo Game in Blow to New Xbox
Microsoft said it will delay the release of a new Halo videogame until next year, in a blow to the launch of an upcoming Xbox game console.
U.S. Court Rules for Qualcomm in Antitrust Appeal
A federal appeals court tossed out a Federal Trade Commission finding that Qualcomm violated antitrust laws.
Apple Signs Production Deal With Martin Scorsese
The deal is for television and movie projects made by his production company.
American Express in Talks to Buy Kabbage
The likely price would be below Kabbage's last valuation, signaling how the online lender's business has been hurt by the pandemic.
Airbnb Plans to File IPO Paperwork This Month
The home rental giant could list publicly by the end of the year.
Stripe Recruits General Motors CFO
Dhivya Suryadevara is joining the San Francisco tech company after over 15 years at GM.
CuriosityStream to Go Public
The educational streaming service founded by the former CEO of Discovery plans to go public through a $330 million merger with a special purpose acquisition company.
SoftBank Vision Fund Swings to Profit on Stock Market Rally
Uncertainties remain as the global recession caused by the pandemic could weigh on SoftBank's portfolio companies.
Will Apple Have to Cut WeChat From iPhones in China?
President Trump's executive order has sparked speculation that Apple may have to drop WeChat in China, which could be a crippling blow to its sales there.
Tech Companies Back Legal Challenge to Trump’s Visa Restrictions
More than 50 tech companies file brief challenging the Trump administration's limits on H-1B visas
Facebook Forms New Payments Group Under David Marcus
Former Upwork CEO Stephane Kasriel has joined Facebook as its vice president of payments, reporting to David Marcus, the creator of Libra.
WarnerMedia Lays Off Employees
The company is expected to shed 600 employees, mainly at Warner Bros.
Uber Offers Carrot to Politicians Amid New Legal Setback
A state judge said Uber and Lyft would have to stop classifying drivers as contractors.
Weekday mornings
The Information AM by The Information Staff
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