Category: coronavirus
Fintech’s uneven new reality has helped some startups, harmed others
Fintech startups were hot news before the COVID-19 era, but the pandemic hasn’t bumped the sector out of the headlines. Companies that were pitching optimistic news a few weeks ago are now cutting staff. Others are facing a surge of users trying to find their financial footing in the face…
Read More
Instacart hopes to expedite deliveries with ‘first available shopper’ option
Instacart has realized that its scheduled grocery deliveries are ill-suited to a pandemic era when demand is surging and you’re frequently thankful if you can get a delivery at all, let alone in a timely fashion. The service has introduced a “Fast &a… Source
Read More
Racing to make coronavirus tests
Disclaimer: The author of this article is married to an employee of one of the companies featured in this article. For the sake of impartiality, the company in question will not be named.When explaining how countries could control the spread of COVID… Source
Read More
Foxconn’s contentious Wisconsin plant will be used to make ventilators
Foxconn’s dubious Wisconsin factory — the subject of billions of dollars of tax subsidy scrutiny — will be used to produce ventilators to aid in treatment for COVID-19 around the US. The company, best known for assembling Apple’s iPhones at factories… Source
Read More
India’s Oyo furloughs thousands of employees as revenue drops by over 50%
Oyo has placed thousands of employees on furloughs for up to three months in the U.S. and several other markets as the Indian budget lodging firm confronts the coronavirus outbreak that has cut its revenue and demand by over 50%. The startup’s teams in the U.S. are most impacted by…
Read More
Apple Music will pay up to $50 million of indie label royalties in advance
Apple is setting aside $50 million to help musicians signed to indie labels affected by the coronavirus pandemic. According to Rolling Stone, the tech giant sent an email to indie labels, telling them that it has set up a $50 million advance royalty… Source
Read More