Daily Crunch - Twitter makes peace with investors

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Monday, March 09, 2020 â¢ By Anthony Ha

Twitter receives a $1 billion investment from Silver Lake, the Gates Foundation is working on COVID-19 home testing kits and Robinhood goes down again. Here’s your daily Crunch for March 9, 2020.

Silver Lake makes $1B investment into Twitter; Twitter, Elliott call truce as Dorsey stays as CEO

After a week in which activist investor Elliott Management made rumblings about forcing out Jack Dorsey as Twitter CEO, it looks like we have a truce of sorts between the two as part of a larger investment deal.

In other Twitter news, a video retweeted by Donald Trump is the first to be marked with Twitterâs new âmanipulated mediaâ tag. The company formally unveiled a new policy last month that said media that has been âsignificantly and deceptively altered or fabricatedâ is likely to be labeled if it is determined to be deliberately misleading.

Gates Foundation-backed program will soon be issuing home testing kits for COVID-19 in Seattle

The kit, based on a nose swab, should be able to return results in up to two days and will be shared with health officials who can then notify people who test positive.

The Robinhood app is down again as stocks get routed on Wall St.

Investors using the trading app from Robinhood were once again locked out of trading this morning. This comes one week after an outage took down the app on what was one of the busiest trading days of the year.

Amazon is now selling its cashierless store technology to other retailers

The technology uses a combination of cameras, sensors, computer vision techniques and deep learning to allow customers to shop, then leave the store without waiting in line to pay. This is the same technology that powers the Amazon Go cashierless convenience stores and Amazonâs newly launched Amazon Go Grocery store in Seattle.