Zoom is cutting about 1,300 jobs as demand for its video-conferencing services slows. The company's CEO, Eric Yuan, said he would take a 98% pay cut and forgo his bonus. The layoffs will hit nearly 15% of the company's workforce, the company said.
YouTube is introducing pause screen ads, which will show ads even when viewers pause video playback. This will start with smart TVs. Google recently revealed the success of its pilot program for paused screen ads during the Alphabet earnings call. The program was run on connected TVs and showed positive results.
The author prefers listening to radio over Spotify's algorithm-based music recommendations, as the latter tends to create a "rabbit hole" effect by repeatedly suggesting similar music based on recent listening history.
Shares of Chinese electric car maker Nio jumped more than 20% in April as its electric car sales more than doubled. Hong Kong-listed Nio shares jumped as much as 23% to HK$44.20, the highest in more than six weeks.
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