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The Ponos tender offer would purchase up to 2M Verizon (NYSE:VZ) shares at $60/share.
Verizon notes that the offer is conditioned upon its shares closing above $60 and recommends that shareholders should reject the bid.
The offer is scheduled to expire on July 30.
Bloomberg sources say Facebook’s (NASDAQ:FB) potential political ad ban is under discussion but not yet finalized.
Facebook doesn’t fact-check ads from political campaigns, which has drawn scrutiny. The ban could help prevent the spread of misinformation. going into the November election.
But Facebook worries the ban could hurt legitimate voting campaigns and a candidate’s ability to respond to news stories.
Advertisers are currently boycotting Facebook over its content moderation policies.
Earlier this week, a Facebook commissioned independent civil rights audit said the platform could be “weaponized to suppress voting.”
Update: An Amazon spokesperson says, “This morning’s email to some of our employees was sent in error. There is no change to our policies right now with regard to TikTok.”
Original: Amazon (NASDAQ:AMZN) wants employees to remove the TikTok (BDNCE) app from their mobile devices, according to an internal email.
“Due to security risks, the TikTok app is no longer permitted on mobile devices that access Amazon email,” wrote Amazon.
Employees had to delete the app by today or they would lose mobile access to Amazon email. Workers can still access TikTok through their Amazon laptop browser.
TikTok was recently busted accessing user clipboard data, including passwords and other sensitive data. The app removed the feature, but its existence added to the privacy concerns surrounding TikTok.
The Trump administration is a TikTok ban in the U.S., and the company is reportedly scurrying to loosen its ties to China.
Square (SQ -2.5%) acquires Stitch Labs, an operations management platform, to help build out tools for its Seller ecosystem.
Tools of the deal, announced in a post on Square’s website, weren’t disclosed.
Square notes that Stitch Labs has strong background in building key tools such as inventory and order management, channel management, and fulfillment solutions.
Though Stitch Labs won’t be taking on new customers, its products will continue to operate for existing customers until spring 2021.
Longer term, Square plans to phase out Stitch Labs’ product so the team can focus on Square tools; it will work with existing Stitch Labs customers to transition them off the platform.
The Information sources say Apple (NASDAQ:AAPL) is working with contract manufacturer Foxconn (OTCPK:HNHAF,OTCPK:HNHPD) on lenses for augmented reality devices.
The semitransparent lenses had passed the prototype stage and entered trial production as of two months ago.
In 2017, Apple CEO Tim Cook called AR “a big idea like the smartphone.”
Last November, Bloomberg sources said Apple was working on a combined AR and VR headset for a 2021 or 2022 release and a lightweight pair of AR glasses for 2023.
