AT&T ran an external search to replace CEO Randall Stephenson but couldn't find a candidate that Elliott Management felt had enough experience with both media and telecommunications.
Facebook on Friday announced a slew of new video-calling features including Messenger Rooms, which allows users to host video calls of up to 50 people.
Apple and Google still plan to release APIs to let governments use signals picked up from smartphones to alert people who may have been exposed to someone infected with Covid-19. On Friday, they announced some privacy tweaks and other changes.
Randall Stephenson has made some large, questionable bets on acquisitions during his 13 years as chief executive but has also consistently boosted his company's dividend.
Verizon Communications withdrew its full-year revenue outlook on Friday as it lost 68,000 phone subscribers who pay a monthly bill in the first quarter amid lockdowns that closed 70% of its stores.
Unemployed workers are gaining free access to 3,800 courses created by elite universities and companies such as Amazon to learn skills and gain professional certificates for new job opportunities.
Google says it's trying to limit advertisers misrepresenting themselves by making all advertisers go through an identity verification process, which will allow consumers to see who's running that ad and which country they're located in.
An additional 4.4 million Americans filed for jobless claims last week, bringing the total to 26 million over the past five weeks. And, despite the shift to remote work and the surge in demand for certain online services, tech is not immune to the pullback. Jobs openings nationwide across the industry dropped more than 20 percent between mid-March and mid-April, according to analysts at Glassdoor.
A source told NBC News that Rick Bright was told to put in place a national program geared to expanding access to the drug hydroxychloroquine after Ellison, who has raised campaign funds for Trump, and the president spoke about it.
Amazon backed a study at Columbia University to help determine if it's safe and effective to give plasma collected from those who have recovered from the Covid-19 virus to other severely ill patients.
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