COVID-19 Does Not Give Truce and Is Coming for Big TechsFri, 03/06/2020 - 16:50
COVID-19 would not give us a rest, not even to big tech companies. This week Facebook told its employees in the San Francisco Bay Area including its Menlo Park headquarters to work from home. The social network is scrapping all Bay Area events and telling workers to cancel all travel in and out of the region.
Likewise, two Microsoft employees in Washington state have contracted the coronavirus. Earlier this week, the company instructed employees in Puget Sound and California's Bay Area to work from home and limit travel, reported CNBC.
For its part, Amazon confirmed that an employee in one of its Seattle offices tested positive for the coronavirus. The office is in downtown Seattle on 9th Avenue, according to a search on Google Maps. It is not Amazon's headquarters office, which is located on 7th Avenue.
Things for Apple remain cheerful. According to TF Securities analyst Ming-Chi Kuo the company would not affect the development of its next-generation iPads and MacBooks. The analyst predicts that Apple will release six products using mini LED screen technology by the end of 2021, including iPads, desktop computers, and laptop computers.
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Kunlun, the Chinese owner of the popular gay dating app Grindr, has agreed to sell it, in accordance with the wishes of the US government, which has undisclosed concerns about the gaming company's ownership of the app. The company will make around US$608.5 million from the sale to San Vicente Acquisition, in which former Baidu exec James Lu is an investor, report Reuters.
Shares of Zoom Video Communications, up over 200 percent since last year's IPO, were lower in the premarket. The company reported earnings, revenue and forward guidance that exceeded estimates. According to CNBC, the company saw record usage due to more people working from home as a result of the coronavirus.
Airbnb has rolled out a special policy for a booking that needs to be changed because of the coronavirus's impact. It's an "extenuating circumstances policy" that allows guests or hosts to change or cancel a booking free of charge if the cause is coronavirus-related travel restrictions or warnings, or containment measures.