If People Can Ride the Subway We Can Open Factories, Says Jason Calacanis

“If people can ride the subway and if people can go to Trader Joe’s and pack into all these different places we can start to open factories,” says legendary tech entrepreneur Jason Calacanis during an interview on CNBC today.

You've Got To Bail Everyone Out, Says Barry Diller
You’ve Got To Bail Everyone Out, Says Barry Diller

You’ve got to bail everyone out says Expedia and IAC Chairman Barry Diller. The damage that is being done every day is enormous. Everybody needs to be bailed out of this one-time thing and we’ll worry about paying the bills later.

Mark Cuban Says Some Banks 'Actively' Avoiding Small Business Loans
Mark Cuban: Some Banks Actively Not Taking PPP Loan Applications

There are some banks who are actively trying not to take applications and to minimize the number of loans they make through the program says investor Mark Cuban. This is despite the fact that it pays a five percent commission for the loans made on the small businesses.

Grubhub
Grubhub Rolls Out $30 Million Stimulus To Restaurants

%%excerpt%% A $250 payment per restaurant (from Grubhub) doesn’t sound like a lot but it’s going to be a huge difference, says Grubhub CEO Matt Maloney. We’re looking at it as a stimulus almost because the way we’re rolling it out is a consumer gets $10 if they spend $30.

Slack CEO Stewart Butterfield: We’ve Seen an Enormous Surge
Slack CEO: We’ve Seen an Enormous Surge

In the first 60th percent of this quarter added 9,000 new paid customers, says Slack CEO Stewart Butterfield. That’s a net number. This is compared to 5,000 for the previous quarter and 5,000 for the quarter before that.

Waves of Job Losses For 2.2 Million Startup Employees, Says VC Group

According to a report on CNBC, startups may not get government money from the coronavirus relief bill if they have already taken venture capital or private equity money.

There’s Been a Lot of Advances In Machine Learning, Says Etsy CEO Josh Silverman
There’s Been a Lot of Advances In Machine Learning, Says Etsy CEO

“There’s been a lot of advances in machine learning that take things that would have been literally impossible ten years ago and made those things much more possible today,” says Etsy CEO Josh Silverman. “The key is understanding what an item is with relatively little data and then being able to determine for each individual person how to personalize search results.”

Amazon VP Nick Denissen Says 58% of Sales Come From Small Businesses
Amazon VP Says 58% of Sales Come From Small Businesses

Over 50% of everything that gets sold on Amazon actually comes from small and medium-sized businesses. Their success is our success so we’re definitely focused on doubling down on that. We have over 1.9 million small and medium-sized businesses in the US who work together with Amazon to conduct their business.

Facebook App
Brazil Fines Facebook Over Cambridge Analytica Scandal

Bloomberg is reporting that Brazil has levied a $1.6 million fine on Facebook for its…

Tax Preparation
IRS Makes It Easier For Taxpayers To Find Free Options

The Internal Revenue Service (IRS) has announced an agreement with Free File, Inc. (FFI) designed…