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Commercial Lending in China Ready to Tenet!
According to CNBC’s David Faber, Uber (NYSE:UBER) rejected Grubhub’s (NYSE:GRUB) acquisition proposal of 2.15 Uber shares per GRUB share.
Faber’s sources say the two companies have talked off and on for nearly a year without reaching a price agreement for the all-stock offer.
Earlier today, Bloomberg reported that a deal between the companies could be finalized this month.
Facebook (NASDAQ:FB) will pay $52M to current and former content moderators, a landmark acknowledgment of the toll that such moderation is taking on the company’s employees.
That’s in order to compensate for mental health issues developed on the job.
Each moderator (of 11,250 moderators) will receive at least $1,000, and will be eligible for more if diagnosed with post-traumatic stress disorder or related conditions.
That’s due to complaints alleging that Facebook was failing to provide a safe workspace for employees who were placed in roles requiring them to (for instance) regularly view photos and images of rape, murder and suicide.
Thirteen U.S. attorneys general write to Amazon (NASDAQ:AMZN) requesting data on worker infections and deaths plus evidence the company is complying with paid sick leave laws during the coronavirus pandemic.
The letter, led by Massachusetts AG Maura Healey, asks for a state-by-state breakdown for the worker statistics, including Whole Foods employees.
Amazon’s safety standards and worker treatment have led to a wave of strikes, the exit of a prominent AWS engineer, and a television news specials.
In France, Amazon’s six warehouses remain closed after a labor complaint led a court to ban non-essential shipments, which Amazon appealed and lost.
Expanding on a recent trend seen at major tech companies like Facebook (NASDAQ:FB), Alphabet (NASDAQ:GOOGL) and others, which have pushed back the time frame for employees to return to physical offices, some into 2021, Twitter (NYSE:TWTR) has upped the ante to “forever.”
CEO Jack Dorsey, in an email to employees, has just granted the option for staff to work from home indefinitely, even after the pandemic ends, according to Buzzfeed.
The option wouldn’t apply to those required to make a physical appearance, like certain maintenance staff, but instead would apply to those who can perform their job functions remotely.
Intel (NASDAQ:INTC) Capital has committed the funds to 11 startups that focus on AI, autonomous computing, and chip design.
The new investments include Anodot (real-time data monitoring), KFBIO (builds digital pathology systems), and Lilt (AI-powered language translation software).
The investment arm says it plans to commit $300-500M this year to AI-focused startups, particularly those specializing in intelligent edge devices and network transformation.
Last year, Intel Capital invested $466M in 36 companies with 35 follow-on investments. The deals led to 22 successful exits.
