10 things you need to know today

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10 things you need to know today
10 things you need to know today
08-20-2020 11:00 am
(Business Insider August 20, 2020) Good morning sunshine! While you plan your day, here's a dailly dose of this morning's news in business and tech. Enjoy! 

1. Trump has said he backs a TikTok acquisition by Oracle, whose chairman is a major supporter. 
He describes Oracle as "a great company". 

2. Apple hit a $2 trillion market cap. 
Their customers are super loyal. 

3. Airbnb has confidentiallly filed for an IPO. 
Last valued at $18 billion, the firm is planning to offer public shares. An IPO (initial public offering) refers to the process of offering shares of a private corporation to the public in a new stock insurance. Public share insurance allows a company to raise capital from public investors. The firm declined to say when it expected to go through with the offering. 

4. Google has quietly laid off 8% of its employees as it shakes up one of its earliest innovative devices. 
The reasons for the layoffs are unclear, but inside sources say that Google Venture makred it's 10th anniversary last year by planning out a strategy for the next decade. 

5. The first app using Apple and Google's COVID-19 contact tracing tech in the US is about to launch. 
We talked about this a month ago when this technology was becoming popular in European countries. Now, 20 states have expressed interest in the technology. 

6. Uber send an ominous message to riders in CA ahead of its possible shutdown. 
Amid the dispute between the employment status of drivers, the app could shut down tonight. If a judge doesn't grant Uber and Lyft's request for a stay in a decision from last week, the fate of the ride share could be unknown.

7. Facebook and Instagram are finally policing QAnon consipiracy theory groups that pose a risk to public safety. 
The list includes groups tied to far-right conspiracy theory QAnon, US-based militias, and offline anarchist groups that support/condone violent acts. Facebook is finally cracking down and banning accounts that meet this criteria. 

8. Google deleted 2,500 YouTube accounts with ties to China. 
In order to combat disinformation as the 2020 election draws closer, certain accounts with links to China have been deleted.

9. Salesforce will let its employees wotk from home until August 2021. 
The company is also expanding remote work benefits for its employees, giving each person $250 to purchase office supplies to work from home, and giving six extra weeks off for new parents. 

10. Real estate startup Offr has raised $3.6 million in seed funding during the COVID-19 crisis. 
The 10 month-old company is a digital solution for buying, letting, and renting properties across borders and saw an increase in interest during the coronavirus pandemic. 

Check back tomorrow for another daily dose of news! 

Source: https://www.businessinsider.com/10-things-in-tech-you-need-to-know-today-august-20-2020-8

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