Archives

Twitter Pulls Guidance Due To Coronavirus

By Dan Anderson ● Mar 25, 2020

Due to the COVID-19 pandemic, Twitter withdrew its quarterly forecast. Twitter originally issued guidance in early February at revenues of $825 million to $885 million for the first quarter.

Facebook Usage Soars As Demand For Ads Decline

By Amit Chowdhry ● Mar 25, 2020

The use of Facebook has surged due to the mass quarantine in order to combat the spread of COVID-19. And at the same time, Facebook has been seeing less of a demand for ads.

CBS Is Offering A Free Month Of All Access

By Annie Baker ● Mar 25, 2020

CBS is offering a free month of access to its content on All Access with the code: GIFT.

Churchill Asset Management Closes $2 Billion In Limited Partner Commitments

By Amit Chowdhry ● Mar 25, 2020

Churchill Asset Management, an investment-specialist affiliate of Nuveen, announced it completed fundraising for a Fund at $2 billion in commitments.

Food Tech Company Nature’s Fynd Secures $80 Million In Funding

By Amit Chowdhry ● Mar 25, 2020

Food tech company Nature's Fynd (previously named Sustainable Bioproducts) announced it raised $80 million in funding.

Arkose Labs Secures $22 Million Led By Microsoft’s M12

By Amit Chowdhry ● Mar 25, 2020

Arkose Labs, a provider of online fraud and abuse prevention technology, announced it raised $22 million in Series B funding led by Microsoft’s venture capital arm M12.

Dollar General: Hiring 50,000 And $35 Million In Bonuses

By Noah Long ● Mar 25, 2020

Dollar General has announced it is planning to invest about $35 million in bonuses for all store, distribution center, and private fleet employees. And the company is hiring 50,000 people.

Remote Clinical Trial Company ClinOne Receives Investment Led By UCHealth

By Amit Chowdhry ● Mar 25, 2020

ClinOne, an industry leader in remote clinical trial patient management, announced that CU Healthcare Innovation Fund is the lead investor for its Series-A financing with the first closing of $3.6 million.

Brex Acquires Neji, Compose Labs, And Landria

By Amit Chowdhry ● Mar 24, 2020

Credit card company Brex -- which is valued at $2.6 billion -- announced it has acquired three companies, including Neji, Compose Labs, and Landria.

Elon Musk Sends Over 1,200 Ventilators To Hospitals

By Annie Baker ● Mar 24, 2020

Tesla Motors CEO Elon Musk said that he bought hospital ventilators from China and had them shipped to the U.S.

David Solomon Sends Motivational Audio Message To Goldman Sachs Employees

By Amit Chowdhry ● Mar 24, 2020

Goldman Sachs Chairman & Chief Executive Officer David M. Solomon has sent out a motivational audio message to the employees of the financial firm.

Why Cognizant Is Buying Indianapolis-Based Salesforce Platinum Partner Lev

By Amit Chowdhry ● Mar 24, 2020

Cognizant recently announced it entered an agreement to buy Indianapolis-based Lev, a privately-held and digital marketing consultancy.

Instacart Is Looking To Hire 300,000 Workers Due To Surge In Demand

By Noah Long ● Mar 24, 2020

Food delivery company Instacart is planning to hire 300,000 workers as the demand for its services is surging due to the coronavirus pandemic.

CVS Health Plans To Hire 50,000 Workers

By Annie Baker ● Mar 24, 2020

CVS Health announced it is planning to hire 50,000 workers and pay bonuses to employees who will be working at its locations during the coronavirus pandemic.

Goldman Sachs Invests Over $1.8 Billion Into Two Money-Market Funds

By Annie Baker ● Mar 24, 2020

Goldman Sachs announced it invested over $1.8 billion into two money-market funds last week.

Rumor: Apple To Integrate Sensor-Shift Image Stabilization In 6.7-Inch iPhone This Year

By Amit Chowdhry ● Mar 24, 2020

There are rumors that Apple is planning a 6.7-inch iPhone this year with sensor-shift image stabilization. These are the details.

SoftBank Is Selling Up To $41 Billion To Buy Back Stock And Reduce Debt

By Dan Anderson ● Mar 24, 2020

SoftBank Group announced it is planning to sell up to $41 billion in assets in order to buy back stock, reduce debt, and increase its cash position.

Cisco Is Committing $225 Million To Combat COVID-19

By Amit Chowdhry ● Mar 23, 2020

Cisco announced it is committing $225 million to aid in combating COVID-19 (coronavirus). The announcement was made by Cisco Chairman and CEO Chuck Robbins in a blog post on Sunday night.

Yext And State Of NJ Launch COVID-19 Information Hub

By Dan Anderson ● Mar 23, 2020

Search Experience Cloud company Yext announced it has partnered with the State of New Jersey for delivering residents accurate and up-to-date information about COVID-19 (coronavirus) with a new online information hub.

Microsoft: Panos Panay Names Amanda Langowski As Windows Insider Program Head

By Amit Chowdhry ● Mar 23, 2020

Microsoft chief product officer Panos Panay announced that Amanda Langowski has been named as the new head of the Windows Insider Program.

GM, Ventec Life Systems, And StopTheSpread.org Partner To Increase Respiratory Care Products

By Amit Chowdhry ● Mar 22, 2020

GM announced it is working with Ventec Life Systems for increasing the production of respiratory care products like ventilators to combat the COVID-19 pandemic.

The Walt Disney Company Raises Nearly $6 Billion Through Sale Of Debt Securities

By Dan Anderson ● Mar 22, 2020

The Walt Disney Company has raised nearly $6 billion from the sale of debt securities, according to a filing with the SEC on Friday.

Facebook Donating 72,000 Masks, 1.5 Million Gloves, And $20 Million To Combat Coronavirus

By Amit Chowdhry ● Mar 22, 2020

Facebook announced it has made plans to donate 720,000 masks, 1.5 million pairs of gloves, and $20 million to combat COVID-19.

Microsoft CEO Satya Nadella Sends Motivational Email To Employees About COVID-19 Response

By Amit Chowdhry ● Mar 22, 2020

Microsoft CEO Satya Nadella recently sent a motivational email to company employees about how the company is helping with the COVID-19 response.

Netflix Launches $100 Million COVID-19 Relief Fund

By Annie Baker ● Mar 22, 2020

Netflix announced it has launched a $100 million relief fund to help those in the creative community who were left without a way of making income.

Foundation Of Barbara And Ray Dalio Commits $4 Million For COVID-19 Relief In Connecticut

By Amit Chowdhry ● Mar 22, 2020

Barbara and Ray Dalio and Dalio Philanthropies have announced a $4 million donation in support of medical care and food for those who are most stressed and cannot afford it in the state of Connecticut.

Why Hellman & Friedman Is Buying Checkmarx For $1.15 Billion

By Dan Anderson ● Mar 22, 2020

Tel Aviv-based Checkmarx is going to be acquired by private equity firm Hellman & Friedman (H&F) at a $1.15 billion valuation. These are the details.

AWS Is Committing $20 Million To Develop A Faster And Affordable COVID-19 Test

By Annie Baker ● Mar 22, 2020

Amazon Web Services announced it is launching a diagnostic development project with 35 partners to develop a faster and affordable COVID-19 test.

Report: SoftBank Looking To Raise $10 Billion To Support Its Vision Fund Companies

By Amit Chowdhry ● Mar 21, 2020

SoftBank is reportedly looking to raise $10 billion so that the first Vision Fund can support the portfolio companies that were affected by COVID-19.

Why Thomson Reuters Is Buying Pondera Solutions

By Noah Long ● Mar 21, 2020

Thomson Reuters recently announced that it is buying Pondera Solutions. These are the details about the deal.