Amazon says it will start taking additional steps to ensure the safety of its warehouse workers, SoftBank backs out of its latest WeWork investment and Zoom tries to fix its security issues. Here’s your Daily Crunch for April 2, 2020.
1. Amazon begins running temperature checks and will provide surgical masks at warehouses
Amazon has already taken some precautions, including mandatory paid 14-day quarantines for employees who test positive, as well as increased cleaning and sanitization efforts of families and infrastructure. The new measures to be introduced next week include taking temperatures of employees at the entrances to warehouses, with any individuals wth a fever of more than 100.4 degrees Fahrenheit to be sent home, where they’ll have to have three consecutive days without fever to return to work.
There have been a number of employee actions in response to Amazon’s handling of the coronavirus crisis, including a walkout at the company’s Staten Island warehouse.
2. SoftBank terminates $3B tender offer for WeWork shares
SoftBank was already rumored to be getting cold feet when the Wall Street Journal reported last month that it was using regulatory investigations as a way to back out of its commitment to buy $3 billion in shares from existing WeWork shareholders.
3. Zoom freezes feature development to fix security and privacy issues
4. Luckin Coffee’s board initiates investigation into $300M potential fraud
In a filing with the SEC, the company’s board announced that it has initiated an internal investigation into the activities of its former COO Jian Liu, who may have inflated revenues by the company by an early estimate of more than $300 million (RMB2.2 billion).
5. How 6 top VCs are adapting to the new uncertainty
If you read VC Twitter, you might think that nothing has changed at all. It’s not hard to find investors who say they are still cutting checks and doing deals. But as Q1 venture data trickles in, it appears that VC activity is gradually slowing down. (Extra Crunch membership required.)
6. In a significant change, Apple customers can now buy or rent titles directly in the Prime Video app
For years, Amazon has prevented users from directly purchasing movies and TV shows from the Prime Video app on Apple devices as a way to avoid platform fees. A recent update changes that.
7. Air Doctor scores $7.8M to connect travellers with local doctors
Founded in 2016, Air Doctor aims to empower travellers who get sick when abroad and need non-emergency advice or treatment. It has created a network of local private physicians that travellers can access, typically via travel insurance or perks.
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