AT&T Cancels $4 Billion Stock Buyback Program
A wide range of companies have cancelled buybacks during the market crash, helping companies conserve cash.
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SoftBank Seeks $10 Billion to Support Vision Fund Portfolio Companies
Convincing outside investors will be hard when stock markets are slumping and the world is bracing for a recession.
Sequoia Capital Plots $7B Fundraise
Sequoia's fundraising shows it is open for business despite the market turmoil caused by the coronavirus outbreak.
Former Google and Uber Self-Driving Car Engineer Pleads Guilty to Trade Secret Theft
Levandowski faces 10 years in prison but if he doesn't go to jail he is expected to resume his role as CEO of Pronto AI
SoftBank-Backed OneWeb Considers Bankruptcy—Report
OneWeb is one of a number of SoftBank-backed startups to struggle with high costs.
Netflix Reduces Quality of Videos in Europe
European regulators had worried that broadband networks would crash under the weight of people stuck at home watching more video online.
Maryland Passes Digital Services Tax
A tax on digital services has passed both the House and the Senate in Maryland, though Governor Larry Hogan could still try to veto it.
Microsoft: Teams Has Added 12 Million Users in Past Week
Microsoft turns up the heat on workplace chat rival Slack, revealing a huge increase in daily active users.
Liberty Media Pays Off Loan Secured by Live Nation Stock
Liberty took action to remove any concerns investors might have about its exposure on the loan, a sign of how companies are pre-emptively acting to calm investor nerves.
Disney’s Streaming Service Sees Pickup in Signups
Nearly all aspects of Disney's business have been hit by government measures to control the spread of COVID-19
Uber CEO: Company Can Survive Worst Case Scenario
Uber is trying to reverse a steep stock decline amid the coronavirus outbreak.
SoftBank’s Stock Tumbles 17% as Market Crash Highlights Risks
Investors are worried that SoftBank, which operates the $100 billion Vision Fund, is particularly vulnerable to the stock market crash.
Trade Groups Want Food Delivery and Ride Hailing Exempted From Shelter-in-Place
As the nation prepares for broader shelter-in-place orders, the tech industry argues that their workers provide critical services.
NYSE Closing Trading Floor After COVID Diagnosis
The New York Stock Exchange floor will close, but trading will continue electronically
Atlassian Offering Free Version of Project Management Software
The move reflects the shift to remote work that is happening as more people work from home during the coronavirus pandemic.
Facebook to Show Coronavirus Info Hub to Users
The info hub will initially be available in countries that have been most affected by the coronavirus pandemic to date, including Italy, Spain, and the U.S.
Small Travel Businesses Call On Facebook, Google for Ad Refunds
Companies hit by the travel downturn are hoping Facebook and Google will reimburse them ads they no longer need.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy