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.
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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.
Netflix Talking to Reliance for India Content Deal
Deal with Indian media giant would increase content in the country
WarnerMedia Streamlines HBO Nomenclature
The three streaming services with HBO in their name will now shrink to just two, priced the same.
Airbnb Settles Lawsuit in NYC, Leading to Likely Purge of Illegal Listings
NYC has been famously hostile to Airbnb, largely due to its politically powerful hotel union.
Palantir Expected to File Confidentially for IPO in Coming Weeks
The big data firm could start trading later this year.
U.K. Antitrust Regulators Reviewing Facebook’s Acquisition of Giphy
Regulators in the U.K. have put a hold on Facebook’s proposed purchase of Giphy while they complete an antitrust investigation.
Veteran Intel Chip Executive Resigns
Jim Keller, who previously worked at Apple, Tesla, and AMD, has resigned but will stay for six months as a consultant.
Apple Taps NBC News Executive For Apple News Role
Apple has hired Nick Ascheim to run the business side of its news platform.
Zoom Working on Tech to Block China Users From Some Meetings
Zoom's decision could spark a backlash among users who believe the company shouldn’t block activists in China from using the service.
Didi Chuxing’s Top Executives Deny Merger Chatter
Didi and Meituan have been muscling into each other’s turf. Didi launched a food-delivery business while Meituan has edged into ride-sharing.
Twitter Confirms Coordinated Pro-China Campaign, Removes Accounts
It remains to be seen whether Twitter can permanently get a handle on these sophisticated, state-sponsored campaigns before they spread.
DoorDash Valuation to Rise 25% in New Equity Funding From Mutual Funds
Move may further delay an IPO for the U.S. food delivery leader.
Chris Cox Returns to Facebook as Chief Product Officer
His return to Facebook is a surprise given that he left last year over disagreements about the direction of the company.
Weekday mornings
The Information AM by The Information Staff
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