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Thoughts For VC Backed Companies Considering SBA/PPP Loans

My partner Seth Levine recently put up an extremely thoughtful post titled SBA PPP Loans Aren’t for Everyone. Go read it now – I’ll be here when you get back. Seth references two other posts to read and consider. The first is by Albert Wenger at USV titled VC Backed Startups and PPP: Do You Really Need It? The other is an OpEd for CNBC written by Seth and Elizabeth Macbride titled Stampede for emergency loans is crushing lenders, putting millions of small businesses at risk. Here are steps to...
Tags: Trends, Fbi, USV, Crisis, PPP, Cnbc, WSJ, Seth, SBA, Feld, Seth Levine, Albert Wenger, Elizabeth MacBride, COVID-19


The world's biggest iPhone maker is going to start making ventilators

Foxconn, Apple's biggest manufacturing partner for the iPhone, is going to start building ventilators. The CEO of medical tech firm Medtronic told CNBC on Monday that Foxconn has partnered with Medtronic to start making ventilators "within the next four to six weeks" at its factory in Wisconsin. Earlier this year Foxconn also diverted some of its Chinese production line to make medical masks. Visit Business Insider's homepage for more stories. The world's biggest iPhone maker Foxconn is joini...
Tags: Trends, Tesla, Ford, Beverly Hills, Wisconsin, Jeff Bezos, Foxconn, Cnbc, Reuters, Medtronic, Omar Ishrak, Ford GM, Zhengzhou China, Tesla Apple, Foxconn Apple


The world's biggest iPhone maker plans to start making ventilators

Foxconn, Apple's biggest manufacturing partner for the iPhone, plans to start building ventilators. The CEO of the medical tech firm Medtronic told CNBC on Monday that Foxconn had partnered with Medtronic to start making ventilators "within the next four to six weeks" at its factory in Wisconsin. Earlier this year, Foxconn also diverted some of its Chinese production line to make medical masks. Visit Business Insider's homepage for more stories. The world's biggest iPhone maker, Foxconn, has ...
Tags: Trends, Tesla, Ford, Wisconsin, Foxconn, Cnbc, Reuters, Medtronic, Omar Ishrak, Watch Google, Ford GM, Zhengzhou China, Tesla Apple, Foxconn Apple, Ishrak


iPhone manufacturer Foxconn will produce ventilators in its Wisconsin factory

Foxconn, Apple’s long-term partner for assembling iPhones, said today it’ll start manufacturing ventilators in the US to help healthcare agencies during the coronavirus pandemic. The Taiwan-based company, formally known as Hon Hai Precision, will produce ventilators designed by the US-based medical device company, Medtronic.  The medical device company’s CEO, Omar Ishrak, told CNBC about this partnership today and said the Taiwanese company’s Wisconson plant will be used for this initiative. He ...
Tags: Apple, Startups, US, Taiwan, United States, Wisconsin, Foxconn, Cnbc, Medtronic, Omar Ishrak, Hon Hai Precision, Foxconn Apple, WISCONSON


In an email to employees Tesla says it will cut salaries and furlough non-essential employees

Tesla will be temporarily reducing employees' salaries and will furlough non-essential workers. The company made the announcement in an email sent out to employees by the company's head of North American HR on Tuesday, CNBC reported. According to the email, Tesla will begin implementing certain cost-cutting measures starting on April 13 and plans to resume normal production at its US facilities on May 4. Visit Business Insider's homepage for more stories. Tesla announced to employees on Tuesd...
Tags: US, NFL, Trends, Tesla, Cnbc, San Francisco Bay Area, FREMONT, Reno Nevada, CNBC Tesla, Valerie Workman, North American HR, Buffalo New York A Tesla Gigafactory


In an email to employees, Tesla says it will cut salaries and furlough nonessential employees

Tesla plans to temporarily reduce employees' salaries and furlough nonessential workers. The company made the announcement in an email sent to employees by the company's head of North American human resources on Tuesday, CNBC reported. According to the email, Tesla plans to begin implementing certain cost-cutting measures starting April 13 and plans to resume normal production at its US facilities on May 4. Visit Business Insider's homepage for more stories. Tesla announced to employees on Tu...
Tags: US, Trends, Tesla, Cnbc, San Francisco Bay Area, Reno Nevada, Fremont California, CNBC Tesla, Valerie Workman, Buffalo New York A Tesla Gigafactory


Twitter CEO Jack Dorsey Sets Aside $1 Billion In Square Equity For Coronavirus Relief

An anonymous reader quotes a report from CNBC: Square and Twitter CEO Jack Dorsey said Tuesday he will set aside $1 billion in his Square equity to support relief efforts for COVID-19 and other causes once the pandemic is over. In a series of tweets, Dorsey said that after the pandemic is over, he will dedicate the money to causes like universal basic income (UBI) and girls' health and education. He said he's pulling the shares from his stake in Square instead of Twitter because he own more stoc...
Tags: Amazon, Facebook, Mark Zuckerberg, Microsoft, Tech, Bill Gates, Square, Jeff Bezos, Jack Dorsey, Cnbc, Dorsey, Priscilla Chan


Google is making the premium version of its workplace video chat tool free until the end of September, to help businesses and schools working remotely due to coronavirus (GOOG, GOOGL)

Google is making the premium paid features in its Hangouts Meet video-conferencing features free until September 30, extended from the previous date of July 1, to help businesses and schools keep operating remotely as they're impacted by the coronavirus. Those features include being able to have up to 250 participants per call, live streaming for up to 100,000 viewers within a domain, and the ability to record meetings and save them to Google Drive.  "As more employees, educators, and students...
Tags: Google, China, Trends, Cisco, Google Docs, Sundar Pichai, Cnbc, G Suite, COVID


The wild life of billionaire Twitter CEO Jack Dorsey, who eats one meal a day, dates models, and just said he's pouring $1 billion of his own wealth into a coronavirus relief fund (TWTR)

Jack Dorsey cofounded Twitter in 2006 and the company has made him a billionaire. He is famous for his unusual life of luxury, including a daily fasting routine, regular ice baths, and a penchant for dating models. Dorsey holds two CEO jobs at Twitter and Square, and activist investors Elliott Management have threatened to oust him from Twitter. The CEO announced that he was putting an estimated 28% of his total wealth, or $1 billion, into relief efforts for the global coronavirus pandemic. Vi...
Tags: Facebook, Mark Zuckerberg, Twitter, Japan, Elon Musk, Obama, Congress, Washington, Cbs News, Africa, US, San Francisco, Barack Obama, Trends, Bloomberg, Azealia Banks


Google's G Suite now has 6 million paying business customers, as it ramps up competition with Microsoft and Zoom (GOOGL)

Google's bundle of productivity tools for businesses and schools, G Suite, now has 6 million paying customers, up from the 5 million it had in February 2019. The new numbers come as much of the world is working from home and schools turn to online learning, to try and mitigate the spread of coronavirus.  Google's Hangouts Meet video meeting tool, part of G Suite, now has 25 percent more users than it did in January, according to CNBC. However, Google faces intense competition from Zoom, Micros...
Tags: Google, Microsoft, New York City, Trends, Cisco, Google Docs, Cnbc, Zoom, Javier Soltero, G Suite, Microsoft Teams, CNBC However Google


Unqork CEO: Anything Java Coders Can Do, No-Code Can Do 200x Faster (slashdot)

Here's some interesting thoughts from long-time Slashdot reader theodp: CNBC reports that the next frontier in the Microsoft, Google, Amazon cloud battle is over a world without code. Google recently acquired no-code app development platform AppSheet, Microsoft just launched a new public preview of its low-code Power Apps mobile app for iOS and Android, and there is speculation about an 'Amazon for Everyone' product from AWS. "Anything a Java developer or engineer can build using custom code, ...
Tags: Google, Amazon, News, Cnbc, Slashdot, Microsoft Google Amazon, EditorDavid, Gary Hoberman, AppSheet Microsoft


Amazon may fire employees who violate social distancing guidelines, even as workers say the company isn't doing enough to protect them from the coronavirus (AMZN)

Amazon said it may fire employees who "intentionally violate" its social distancing rules at work, as first reported by CNBC and confirmed to Business Insider. The policy comes amid criticism over Amazon's efforts to protect workers at its warehouses, as well as the company's firing of a worker after he led a strike in protest of Amazon's coronavirus response. Amazon told Business Insider it is following public health guidelines and has "implemented a series of preventative health measures for...
Tags: Amazon, New York, Buzzfeed, New York City, Trends, Italy, Houston, Cnbc, Business Insider, New York Chicago, Timothy Carter


More than 1,000 Uber and Lyft drivers told us they're putting their lives at risk to make just $2.50 an hour with meager support from the companies themselves

Rideshare drivers for Uber and Lyft say their income has collapsed amid coronavirus, and support from the rideshare companies has been sparse. Business Insider surveyed over 1,000 rideshare drivers and gig workers. Drivers who are still working said their weekly earnings have dropped by anywhere from 50% to 80% in the past month.  Many have stopped driving altogether due to safety concerns. Others are pivoting to delivery work, which they say has remained more profitable amid the quarantine. U...
Tags: Lyft, Uber, Washington, Los Angeles, Trends, Chicago, Fairfield, Las Vegas, Eddie, Young, Cnbc, Business Insider, Daniel, Sánchez, Jay Inslee, Dunkin Donuts


Meet the 15 youngest billionaires in America

Forbes released its 2020 edition of the World's Billionaires List, which ranks the richest people in the world. The youngest billionaire on the list, 22-year-old Kylie Jenner, is the founder of Kylie Cosmetics. In late 2019, she agreed to sell 51% of her company to beauty conglomerate Coty Inc. for $600 million. The deal valued her company at $1.2 billion. The 15 youngest billionaires in America are collectively worth over $100 billion. Visit Business Insider's homepage for more stories. Some...
Tags: Facebook, Mark Zuckerberg, Instagram, Microsoft, Stanford, US, America, Trends, Walmart, World, Snapchat, Harvard, Sabmiller, Airbnb, John, Evan Spiegel


Market Review: "Iraq, Oil Prices and the Coronavirus"

By Ahmed Tabaqchali, CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. "The herd instinct among forecasters makes sheep look like independent thinkers" -- Edgar Fielder The crash in oil prices, brought on by the oil price war between Russia and Saudi Arabia, and the collapse in consumption due to COVID-19, seems like the perfect storm to hit Iraq given its vulnerabilities to such exte...
Tags: Isis, News, Saudi Arabia, China, Iraq, Russia, US, Opec, Bloomberg, IEA, Brent, Iraq Business News, Cnbc, Imf, Mena, International Energy Agency IEA


Airbnb raises $1 billion from investors as the company takes a big hit from the coronavirus crisis

Airbnb has raised $1 billion in debt and equity from Silver Lake and Sixth Street Partners, the company announced Monday. Airbnb did not disclose the terms of the deal, but a source told CNBC that "it's attractive for Airbnb" and doesn't depend on the company's financial performance or ability to go public by a specific date. Airbnb planned to go public this year, but has been hit hard by the coronavirus crisis on top of existing questions about profitability, with its valuation reportedly fal...
Tags: Trends, Beverly Hills, Airbnb, Jeff Bezos, Financial Times, Cnbc, Brian Chesky, Silver Lake, Sixth Street Partners


Apple just celebrated its 24th birthday. Here's how it came to rule the world, from its early struggles to beat Microsoft to the launch of the iPhone. (AAPL)

Apple celebrated its 24th birthday on April 1.  The tech giant, which today is worth about $1 trillion, almost didn't make it this far — it struggled in the '90s until Steve Jobs returned as the company's CEO.  Apple has weathered hits and flops over the years, from the launch of the influential Apple II to the misguided Newton MessagePad.  But these days, Apple is on top of the consumer electronics market, thanks at first to devices like the iMac and the iPod, and later, to the iPhone.  Visi...
Tags: Apple, Amazon, Jobs, Microsoft, Steve Jobs, US, Trends, Intel, New York Times, Bill Gates, Michael Dell, Tim Cook, Ibm, Jeff Bezos, Philips, GUI


Apple just celebrated its 44th birthday. Here's how it came to rule the world, from its early struggles to beat Microsoft to the launch of the iPhone. (AAPL)

Apple celebrated its 44th birthday on April 1.  The tech giant, which today is worth about $1 trillion, almost didn't make it this far — it struggled in the '90s until Steve Jobs returned as the company's CEO.  Apple has weathered hits and flops over the years, from the launch of the influential Apple II to the misguided Newton MessagePad.  But these days, Apple is on top of the consumer electronics market, thanks at first to devices like the iMac and the iPod, and later, to the iPhone.  Visi...
Tags: Apple, Amazon, Jobs, Microsoft, Steve Jobs, US, Trends, Intel, New York Times, Bill Gates, Michael Dell, Tim Cook, Ibm, Jeff Bezos, Philips, GUI


Apple is reportedly in the process of snapping up NextVR, its third acquisition in the past week (AAPL)

Apple is reportedly in the process of acquiring virtual-reality video-streaming service NextVR for $100 million, according to The smartphone giant has been on a buying spree over the past week, snapping up weather app DarkSky and AI startup Voysis.  Apple and NextVR did not immediately respond to a request for comment.  Visit Business Insider's homepage for more stories. Apple appears to have embarked on a buying spree over the past week, as startup valuations come down amid the coronavirus...
Tags: Apple, Microsoft, California, NFL, Trends, Siri, Bloomberg, Tim Cook, Dublin, Mark Gurman, Cnbc, Aapl, Smartnews, Adam Grossman, DarkSky, San Diego Based


Amazon is now selling masks, hand sanitizer, and gowns on a special section reserved for healthcare workers

Amazon has a new section on its website where hospitals and government organizations can shop for COVID-19 supplies. The general public will not be able to buy these items.  They include N95 masks, large batches of hand sanitizer, and hospital gowns.   Visit Business Insider's homepage for more stories. Amazon has a new section on its site reserved exclusively for hospitals and government organizations to shop for urgent COVID-19 supplies. Here, these parties will be able to find protective w...
Tags: Amazon, France, Trends, Vox, Cnbc, Paulina Cachero


European governments hope emergency funding will help avert mass collapse of startups

This story was delivered to Business Insider Intelligence Connectivity & Tech Briefing subscribers earlier this morning. To get this story plus others to your inbox each day, hours before they're published on Business Insider, click here. France and Germany announced emergency funding pools — worth €4 billion ($4.3 billion) and €2 billion ($2.2 billion), respectively — intended to help domestic startups stay afloat during the current global economic downturn by providing short-term refinancing...
Tags: Europe, UK, France, Germany, US, Trends, Sequoia Capital, Cnbc, Business Insider Intelligence, New York Times Tech, CNBC Germany


Economists haven’t throw out the models yet (but they will)

There are many things that are in short supply these days, but one of them is cognitive flexibility. Humans are used to confronting the extreme complexity of our modern world with some mélange of data, modeling, heuristics, and “gut instinct.” We can’t know everything about everything, and so we have to truncate our perspective to order the chaos before us. In linear times, that process actually (mostly) works — the economy generally trends one way, and while models and instincts can be a bit of...
Tags: TC, Hong Kong, Tech, Bloomberg, United States, Citigroup, Morgan Stanley, Wall Street Journal, Financial Times, Cnbc, WSJ, James Gorman, Morath, HSBC Holdings, Richard Henderson, Mike Corbat


Russia and #Saudi 'very close' to oil deal, Moscow negotiator tells CNBC - Reuters

Russia and Saudi 'very close' to oil deal, Moscow negotiator tells CNBC - Reuters:Saudi Arabia and Russia are “very, very close” to a deal on oil production cuts, Kirill Dmitriev, head of Russia’s sovereign wealth fund, told CNBC on Monday.“I think the whole market understands that this deal is important and it will bring lots of stability, so much important stability to the market, and we are very close,” Dmitriev, who is also one of Moscow’s top negotiators, told CNBC.Dmitriev was first to mak...
Tags: Travel, Saudi Arabia, Russia, Opec, Vienna, Moscow, Cnbc, Organization of Petroleum Exporting Countries OPEC, Rupert Neil Bumfrey, Dmitriev, Kirill Dmitriev, CNBC Reuters


Russia, Saudi 'very, very close' to a deal on oil output cuts - CNBC

Saudi Arabia and Russia are "very, very close" to a deal on oil production cuts, Russia's sovereign wealth fund chief told CNBC on Monday https://www.cnbc.com/2020/04/06/russia-saudi-arabia-are-very-close-to-an-oil-production-deal-rdif.html.
Tags: Money, Saudi Arabia, Russia, businessNews, Cnbc


Unqork CEO: Anything Java Coders Can Do, No-Code Can Do 200x Faster

Here's some interesting thoughts from long-time Slashdot reader theodp: CNBC reports that the next frontier in the Microsoft, Google, Amazon cloud battle is over a world without code. Google recently acquired no-code app development platform AppSheet, Microsoft just launched a new public preview of its low-code Power Apps mobile app for iOS and Android, and there is speculation about an 'Amazon for Everyone' product from AWS. "Anything a Java developer or engineer can build using custom code, ...
Tags: Google, Amazon, Tech, Cnbc, Slashdot, Microsoft Google Amazon, Gary Hoberman, AppSheet Microsoft


Trump Administration’s Global Grab For Masks Angers Allies

President Donald Trump has ordered the Minnesota-based mega mask producer 3M to prioritize domestic orders, and to stop exporting masks to Canada and Latin America as the coronavirus pandemic sweeps the globe. According to the Washington Post, Canadian Prime Minister Justin Trudeau is not taking kindly to the interference. “These are things that Americans rely on,” Trudeau said, “and it would be a mistake to create blockages or reduce the amount of back-and-forth trade of essential goods and ...
Tags: News, Minnesota, Washington Post, France, China, Berlin, Canada, United States, Brazil, Donald Trump, Latin America, Cnbc, 3m, Justin Trudeau, Trudeau, Trump Administration


Tesla cuts contractors from California, Nevada factories - CNBC

Tesla Inc is cutting contractors from its U.S. car and battery plants, CNBC reported on Friday, citing workers and a contract staffing agency.
Tags: Money, Tesla, businessNews, Cnbc, California Nevada, Tesla Inc


Clips From Today’s Halftime Report

Amazon’s stock is an infrastructure play: Josh Brown from CNBC. ...The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
Tags: Amazon, Finance, Uncategorized, Cnbc, Josh Brown


Trump: CDC Recommends Cloth Face Covering To Protect Against Coronavirus

President Trump says the CDC now recommends using a cloth face covering to protect against coronavirus, but said he does not plan to do so himself. CNBC reports: Trump stressed that the recommendations were merely voluntary, not required. "I don't think I'm going to be doing it" he said as he announced the new guidance. The CDC's website explained that the recommendations were updated following new studies that some infected people can transmit the coronavirus even without displaying symptoms of...
Tags: Cdc, Tech, Cnbc, Trump


Pelosi Abandons Sweeping Coronavirus Legislative Agenda, Agrees to Narrowly-Tailored Phase-4 Relief Bill

House Speaker Nancy Pelosi on Friday indicated she would support a phase-4 coronavirus relief bill without a broad infrastructure plan or many of the other unrelated legislative goals she initially called to be included in the legislation."I'm very much in favor of doing some of the things that we need to do to meet the needs of clean water, more broadband, and the rest of that. That may have to be for a bill beyond this," Pelosi told CNBC. "Right now, I think that we have a good model. It w...
Tags: News, Congress, Arkansas, House, Nebraska, Capitol Hill, Nancy Pelosi, Bill, Boeing, Wuhan, Cnbc, Trump, Tom Cotton, Pelosi, Ben Sasse, James Clyburn