Facebook Inc will permanently embrace remote work even after coronavirus lockdowns are smooth, Chief Executive Mark Zuckerberg said on Thursday, accelerating the geographic diversification of the tech sector away from its Silicon Valley home.
Nvidia Corp forecast second-quarter revenue on Thursday above the estimates of analysts as demand increases for their chips used in data centers that power the shift to work remotely due to coronavirus outbreak.
For the first time on Thursday, Uber Technologies Inc. detailed how much it had spent supporting its ride-hail drivers and food delivery workers during the coronavirus crisis, which battered the company and forced it to lay off thousands of staff.
A group of Texas-led state attorneys general are likely to file an antitrust lawsuit against Google's Alphabet Inc and are working on potential litigation later this year, said a person familiar with the situation Friday.
Facebook Inc is acquiring Giphy, a popular website for animated image making and sharing, or GIFs, and will integrate it with its fast-growing Instagram photo-sharing app, Facebook said Friday in a blog post.
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