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May 18, 2020, 7:00 PM
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Top News

Preetika Rana / Wall Street Journal:
In email to staff, Dara Khosrowshahi says Uber will cut 3,000 more jobs, in addition to the 3,700 that were let go earlier this month, and will close 45 offices  —  The ride-hailing giant also is exploring the sale of noncore businesses  —  Uber Technologies Inc. is cutting several thousand …
Michael Potuck / 9to5Mac:
AG Barr says that, “no thanks to Apple”, the FBI succeeded in unlocking the “phones” of the Pensacola gunman, who they found had significant links to Al Qaeda  —  It looks like the most recent contention between the FBI and Apple over device encryption has come to an end …
Brooks Barnes / New York Times:
Disney's top streaming exec, Kevin Mayer, resigns to become CEO of TikTok and COO of parent company ByteDance; Disney names Rebecca Campbell as his successor  —  Kevin Mayer will lead the Chinese-owned app for making and sharing short videos, which has exploded in popularity during the pandemic.
Cheng Ting-Fang / Nikkei Asian Review:
Sources: TSMC, the biggest contract chipmaker, has halted new orders from Huawei in response to new US export controls; orders placed before are not impacted  —  Taiwan chipmaker's relationship with its second biggest customer under fire  —  TAIPEI — Taiwan Semiconductor Manufacturing Co. …
Tom Warren / The Verge:
Microsoft says Minecraft has now topped 200M sales, up from 100M in 2016, with 126M monthly players; Minecraft saw a 25% increase in new players last month  —  Minecraft continues to grow despite being 11 years old  —  Minecraft sales have officially topped 200 million, with 126 million people playing the game monthly.
Oculus:
Oculus says it will start accepting Quest titles that support hand tracking this month and details two new collaboration and productivity apps coming this year  —  We're about to celebrate an exciting milestone: the one-year anniversary of Oculus Quest and Rift S!
Janko Roettgers / Protocol:
Facebook's VP of consumer hardware Andrew Bosworth says users have spent over $100M on Quest VR content and Portal sales are up 10x compared to mid-March
Richard Speed / The Register:
At an MIT event, Microsoft president Brad Smith says the company was “on the wrong side of history” with open source  —  Tell-all with president Brad Smith reveals Obama warned tech giants that a privacy reckoning was coming  —  Microsoft president Brad Smith (pictured) …
Sam Nussey / Reuters:
Alibaba's Jack Ma resigns from SoftBank board, as he pulls back from formal business roles to focus on philanthropy; SoftBank to propose three new appointments  —  TOKYO (Reuters) - SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board …
Pavel Alpeyev / Bloomberg:
SoftBank Vision Fund records $17.7B loss in the last fiscal year after writing down investments including WeWork and Uber, reports a net loss of $8.96B
David Cohen / Adweek:
Instagram introduces Guides, a feature letting creators curate content on a specific subject, debuting with select accounts focusing on wellness  —  Creators, public figures, organizations and publishers can curate content on a specific subject  —  Instagram introduced a new Guides feature Monday …
Zoe Schiffer / The Verge:
Jack Dorsey has told Square employees they can work from home even after the COVID-19 shelter-in-place orders end, following a similar move at Twitter  —  Employees can work remotely even after the COVID-19 shelter-in-place orders end  —  Square employees will be able to work from home …
Ranjan Roy / Margins:
DoorDash is listing restaurants on its service without their permission, leading to inaccurate menus, unhappy customers, and even arbitrage opportunities  —  There is such a thing as a free lunch  —  If capitalism is driven by a search for profit, the food delivery business confuses the hell out of me.
Bloomberg:
Apple says it's reopening 25 US stores this week plus 12 stores in Canada, adding to nearly 100 global locations that have reopened so far  —  - Company has 100 stores back in operation after virus closures  — Plans temperature checks and face coverings at every location

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From Mediagazer

Todd Spangler / Variety:
Comcast plans to spin off its media and entertainment assets, including NBCUniversal and Sky, into a new publicly traded entity, set to close by mid-2027

New York Times:
Sources: CNN CEO Mark Thompson told Paramount he would not share oversight of CNN with another exec, as David Ellison weighs whether to put Bari Weiss in charge

Greg Stohr / Bloomberg:
The Supreme Court rejects Alan Dershowitz's bid to revive a defamation suit accusing CNN of mischaracterizing his remarks during Trump's first impeachment trial

More News

Ashley Carman / The Verge:
Google suspended a popular Android podcast app, Podcast Addict, from the Play Store and removed ads from existing installs, because it lists COVID-19 content

Earlier Picks

Sachin Ravikumar / Reuters:
Indian food delivery startup Swiggy says it will lay off 1,100 employees, or nearly 14% of its workforce, to cut costs amid the pandemic
Chance Miller / 9to5Mac:
Edison Mail says it has “rolled back” an iOS app update that gave a “small percentage” of users full access to other users' email accounts
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