The report from the National Enquirer is in stark contrast to Bezos’ security chief, Gavin De Becker who had reported that the government of Saudi Arabia had accessed Bezos’s private information from his phone. As per a report from the publisher of the National Enquirer, the tidbits on the private life of Jeff Bezos,…
Lyft’s IPO, has set the stage for its much bigger rival, Uber Technologies, whose IPO is slated for launch in April 2019. In a significant development, Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup. Lyft raised more money than it had set off to since…
The development underscores a growing trend of consolidation among communications, automakers and technology companies as they grapple with the massive investment and software expertise required to develop new services for which demand has yet to be tested. On Thursday, Japan’s Honda Motor Co and truckmaker Hino Motors Ltd stated they join a joint venture of…
The report notes, “The evidence of sustained change is especially important as similar strongly worded commitments from Huawei in the past have not brought about any discernible improvements”. On Thursday, in a significant development, Britain has publicly chastised Huawei Technologies for failing to fix long-standing security flaws in its mobile network equipment and revealed new…
CFIUS concerns stems from the fact that the Chinese dating app collects personal information including a person’s location, messages, which could include potential data of the U.S. military or intelligence personnel. According to sources familiar with the matter at hand, a U.S. government national security panel has raised concerns over the ownership of Chinese gaming…
A Manhattan court is set to decide whether Elon Musk’s tweets were in violation of his October 2018 settlement with the SEC. Lawyers from the U.S. Securities and Exchange Commission along with those representing Tesla’s CEO Elon Musk are slated to square off in a Manhattan courtroom next week over whether Musk should be held…
Facebook removed accounts from Russia, Kosovo, Iran, and Macedonia citing what it described as “coordinated inauthentic behavior.” On Tuesday, Facebook Inc disclosed, it has removed more accounts from Russia, Kosovo, Iran, and Macedonia citing what it described as “coordinated inauthentic behavior.” A total of 2,632 pages, groups and accounts were removed from Facebook and Instagram…
For Tesla and Musk scored a slam dunk win. For the second time, a federal judge in San Francisco has dismissed a securities fraud lawsuit brought on by Tesla Inc’s shareholders alleging that the company made misleading comments on the production status of its Model 3. U.S. District Judge Charles Breyer sided with Tesla, and…
The development coincides with Chinese President Xi Jinping visit to Europe. On Tuesday, following the news that European planemaker Airbus SE won a deal worth tens of billions of dollars, shares of the planemaker rose by 1.9% in early trading session. Airbus has secured a deal to sell 300 aircraft to China. According to French…
Military to military discussions on future 5G networks are going well, said Ellen Lord, the Department of Defense’s under secretary of defense for acquisition and sustainment. With the United States determined to secure and position itself for the next generation of 5G devices, it is conscientiously pushing away Chinese telecommunications equipment maker Huawei Technologies, which…
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