US Govt issues $15B payroll aid to airlines
The United States Government on Friday said it had begun distributing aid in the value of $15 billion to airlines to help them overcome the impact caused by the coronavirus pandemic.
The US Department of the Treasury noted the funds would be distributed between Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue Airways, Republic Airways, SkyWest Airlines, Southwest Airlines, Spirit Airlines, and United Airlines.
“The Payroll Support Program provided critical support to the aviation industry and its workers. The extension of this program will provide additional economic relief for workers, while also protecting taxpayer funds.” Treasury Secretary Steven Mnuchin.
Facebook-owned messenger WhatsApp on Friday said it will delay the implementation of new privacy tools by three months. New users would have until May 15 to agree to the new terms, or else the app will stop working for them.
Previously, WhatsApp had planned on implementing the new rules as soon as February 8, but was forced to postpone them due to uproar from current users. This announcement on the new rules saw WhatsApp suffer a 17% decrease in app downloads on IOS and Apple Store over the past seven days as users switched to alternative Messaging platforms such as Telegram and Signal.
Deliveroo closes $180M funding round as it eyes IPO
Deliveroo has announced it has raised $180 million in its latest funding round ahead of its potential initial public offering (IPO) this year.
The funding was raised from its current investors pushing the online food delivery company valuation to $7 billion according to Media reports.
“This investment will help us to continue to innovate, developing new tech tools to support restaurants, to provide riders with more work and to extend choice for customers, bringing them the food they love from more restaurants than ever before. We are really pleased our shareholders see the opportunity and growth potential ahead of us,” Deliveroo CEO Will Shu stated.
Deliveroo in March 2020 hired JPMorgan Chase & Co. to help the company prepare for an initial public offering (IPO) in the United Kingdom in 2021.