Snap Posts Jump in Users, but Warns of Shrinking Revenue Growth
Looking ahead, the picture won’t be as rosy for the second quarter. Snap warned that revenue growth has weakened in April.
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Netflix’s Subscriber Growth Surges in First Quarter
Netflix's stronger growth was expected, a result of how the pandemic lockdowns have made the video streaming service a must-have entertainment source.
Uber’s Bookings Now Down 80%
The question now is whether Uber's business will improve later this quarter as lockdown restrictions begin to be eased in the U.S. and Europe.
Facebook Leads Big Tech Spending in Washington
Facebook boosts spending in Washington amid increased antitrust scrutiny.
Google’s Quantum Hardware Leader Departs
John Martinis, a UC Santa Barbara professor who has been leading Google's quantum computing hardware work, had recently been demoted.
Google Makes Shopping Listings Free for Merchants
The move will provide merchants some relief during the global pandemic, and is another attempt by Google to rejuvenate its Shopping platform.
Palantir Expected to Delay IPO Plans
Peter Thiel's data analytics firm had earlier planned to file for an IPO this fall.
HBO Max to Launch May 27
WarnerMedia to join Quibi and NBCU's Peacock as the third streaming service to go live over the past few weeks.
Senate Approves Deal on $310 Billion for Small Businesses
The Senate deal provides $60 billion for companies that have struggled to get traditional loans from banks.
Facebook Removes Anti-Lockdown Protest Posts
Facebook’s decision to censor these posts is tricky because it has to balance free speech with public-health concerns and the spread of misinformation.
Huawei First-Quarter Revenue Growth Slows Amid Coronavirus
Huawei already was bracing for slower growth this year because of U.S. sanctions before the coronavirus hit.
China Starts Limited Testing of a Digital Currency
China's central bank-designed digital currency resembles bitcoin, but without anonymity, making is a useful tool to crackdown on money laundering and other crimes.
IBM Pulls 2020 Forecast After Mixed-Bag Quarter
IBM's cloud computing and subscription software businesses are growing, but uncertainty is clouding the rest of the company's outlook.
Walmart Sells Vudu to Fandango
Deal for NBCUniversal-controlled ticketing service increases its video streaming ambitions.
Uber Broadens Package Delivery Service for Businesses
Uber desperately needs to make up for lost revenue from its core business.
Alibaba Cloud to Invest $28 Billion Over Three Years
The announcement comes amid the Covid-19 epidemic, which has increased demand for cloud services globally as more people work and communicate remotely.
Australia Will Make Google and Facebook Pay Media Companies to Publish News
After talks with Facebook and Google failed to move forward, Australia's competition watchdog said it would reveal the new rules at the end of July.
Facebook Takes On Twitch With Gaming App
The release was moved up because more people are staying inside due to the coronavirus pandemic.
Mnuchin: Deal Near on Additional Funding for Small Businesses
Congress and the Trump administration are scrambling to provide more money for struggling small businesses.
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The Information AM by The Information Staff
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