Day: June 9, 2020

Vodafone says UK’s desire to lead in 5G will suffer a blow if Huawei is ripped out

(Reuters) – Vodafone Group Plc, the world’s second-biggest mobile operator, has warned that Britain’s desire to lead the world in 5G technology will face a big blow if it decides to remove China’s Huawei Technologies Co Ltd from the country’s telecoms infrastructure.

FILE PHOTO: The British flag and a smartphone with a Huawei and 5G network logo are seen on a PC motherboard in this illustration picture taken January 29, 2020. REUTERS/Dado Ruvic

“The UK’s leadership in 5G will be lost if mobile operators are forced to spend time and money replacing existing equipment”, Scott Petty, Vodafone UK’s chief technology officer, told Reuters in an emailed statement.

The British government should make efforts to expand 5G coverage and invest in the next stage of this technology instead of stripping out the equipment of the Chinese telecoms equipment maker, Petty said.

“We are not tied to one supplier, but it is

Read More

TikTok’s Mayer pledges fake news fight in call with EU’s Breton

FILE PHOTO: A person holds a smartphone as Tik Tok logo is displayed behind in this picture illustration taken November 7, 2019. REUTERS/Dado Ruvic/Illustration

BRUSSELS (Reuters) – Chinese video app TikTok’s new Chief Executive Kevin Mayer has told EU digital chief Thierry Breton he intends to play an active role fighting disinformation, an EU official said on Tuesday, as Breton pushes tech giants to step up their efforts against fake news.

Breton in the last two months has held video conferences with Facebook CEO Mark Zuckerberg, Google CEO Sundar Pichai, Apple CEO Tim Cook and Twitter CEO Jack Dorsey to promote his campaign against fake news and other issues.

TikTok, owned by Chinese company ByteDance, allows users to create short videos. It has exploded in popularity during the COVID-19 crisis but has recently been hit with privacy complaints and concerns stemming from its apparently close ties to Beijing.

Mayer, previously

Read More

Online used car seller Vroom’s shares go into overdrive in Nasdaq debut

(Reuters) – Shares of online used car seller Vroom Inc more than doubled in their Nasdaq debut on Tuesday, as the U.S. IPO market continued its recovery after the coronavirus crisis slammed the brakes on new listings.

The blockbuster initial public offering (IPO) highlights the strong appetite for new stock offerings by companies with an online-focused business against the backdrop of the COVID-19 pandemic.

Vroom’s listing comes as auto retailers increasingly turn to e-commerce to close deals without a handshake and arrange for vehicles to be picked up or delivered without requiring customers to visit stores.

The company saw a dip in demand at the outset of the pandemic in March but has since seen record e-commerce sales.

“What we saw was consumers were gravitating towards the model even more than before,” Vroom Chief Executive Paul Hennessy said in an interview.

Vroom priced shares in its IPO at $22 apiece

Read More

TikTok’s Mayer pledges fake news fight in call with EU’s Breton, EU official says

FILE PHOTO: A person holds a smartphone as Tik Tok logo is displayed behind in this picture illustration taken November 7, 2019. REUTERS/Dado Ruvic/Illustration

BRUSSELS (Reuters) – Chinese video app TikTok’s new Chief Executive Kevin Mayer has told EU digital chief Thierry Breton he intends to play an active role fighting disinformation, an EU official said on Tuesday, as Breton pushes tech giants to step up their efforts against fake news.

Breton has in the last two months held video conferences with Facebook CEO Mark Zuckerberg, Google CEO Sundar Pichai, Apple CEO Tim Cook and Twitter CEO Jack Dorsey to promote his campaign against fake news and other issues.

TikTok, owned by Chinese company ByteDance, allows users to create short videos. It has exploded in popularity during the COVID-19 crisis but has recently been hit with privacy complaints and concerns stemming from its apparently close ties to Beijing.

Mayer, previously

Read More