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LinkedIn (NASDAQ:MSFT) confirms to TechCrunch that it won’t make any coronavirus-related layoffs until at least June.
The social media platform has around 16,000 full-time employees in 30 cities.
Last month, The Information reported that LinkedIn had paused most hiring while it worked to adjust to the developing pandemic.
Related: Salesforce recently pledged not to conduct any “significant” layoffs over the following 90 days.
Hon Hai/Foxconn (OTCPK:HNHAF,OTCPK:HNHPD) says it will partner with medical device company Medtronic to make ventilators at its U.S. plant.
Mass production will begin next month.
Foxconn’s Wisconsin plant was initially set to produce large LCD displays before the company shifted gears towards smaller LCD panels, R&D, and medical devices.
The adjustments were controversial due to the $4B incentive package Foxconn was set to receive from the state.
A leg up in engagement due to the COVID-19 pandemic could mean that Netflix (NASDAQ:NFLX) is set for broad price hikes next year, Bernstein suggests.
That’s next year, and not this year, as the outbreak makes a “difficult environment” for anybody to raise prices in 2020, the firm says.
But “increased engagement and appreciation” from users this year “could make it that much easier for Netflix to successfully pass through pricing increases in 2021.”
It has a price target of $487 (well above consensus), now implying 31% upside.
Wedbush analysts Daniel Ives and Strecker Backe see a 10-15% chance that Apple’s (AAPL +2.1%) 5G iPhones will be released in October.
The analysts aren’t expecting a fall launch since the Asia supply chain “is still on a path to normalization” and the continuing coronavirus-related lockdowns around the world.
The firm believes “the Street is already starting to factor in a 5G launch that moves into the December timeframe reflected in the stock.”
Ives and Backe say investors will watch the Q2 results on April 30 for any timeframe update from Tim Cook.
Wedbush maintains an Outperform rating and $335 price target on Apple. The company has a Bullish average Sell Side rating.
Uber’s (NYSE:UBER) platform for corporate customers will expand Eats to more than 20 countries this year.
The expansion starts today with the addition of Brazil, Canada, France, and the UK.
The Uber for Business version of Eats lets companies create employee meal programs with automatic spending allowances and the option for set times and locations.
Active Business Eats customers grew 28% on the month in March due to the coronavirus-related work from home shift, says Uber.
