Warner Music Group announced Tuesday that it has sold its entire stake in streaming company Spotify. The deal netted WMG $504 million, according to Variety. The company had earlier announced the sale of 75 percent of its Spotify equity. One of the “big three” record label has maintained the Spotify purchases from the IPO. Sony […]
New York City Council passed regulations on ride-hail companies such as Uber and Lyft on Wednesday, capping the number of vehicles on the road for one year and requiring that drivers be paid a minimum wage. The year-long cap on new licenses for ride-hailing vehicles will take place while the Taxi and Limousine Commission (TLC) […]
Tesla shares were halted at $367 a share shortly after 2 p.m. Tuesday after CEO Elon Musk sent a string of tweets saying he is considering taking the company private. Shares jumped as much as 8% midday Tuesday after Chief Executive Elon Musk tweeted that he was “considering” taking the Silicon Valley car maker private […]
Last month, Microsoft announced it would be shutting down the desktop version of Skype 7.0, otherwise known as classic Skype, in September and transitioning users and businesses to the redesigned Skype 8.0. Following what the company describes as “customer feedback,” classic Skype will be sticking around for “some time” to “bring all the features you’ve […]
An investigation conducted by the Inspector General shows that the FCC never suffered from a DDoS attack last year, as it claimed, when the agency began accepting public comments about its plans to neuter net neutrality. Instead, the system was overwhelmed by those wishing to voice their opinions. FCC Chairman Ajit Pai (PDF) blamed the issue on […]
The Trump administration has asked the Supreme Court to vacate a 2016 ruling that verified the validity of the Obama-era net neutrality rules. The rules have already been scuttled by the Republican-led FCC and there’s no real purpose to be gained in this action. In its filing, the Trump administration wants the court to determine […]
The Democratic National Committee has told candidates running as Democrats this fall they should not use phones made by Huawei or ZTE. The Trump administration says they represent a security risk. Earlier this year, the administration pressured AT&T and Verizon to drop plans to sell Huawei devices. Best Buy also stopped selling Huawei devices. “Please […]
Walt Disney Co. is suffering from seller’s remorse. The world’s largest entertainment company tried to buy back TV rights to Star Wars movies from AT&T Inc.’s Turner Broadcasting so that it can offer them on a new streaming video service. Disney made a preliminary inquiry about regaining the rights, but met resistance, according to reports. […]
The FCC has taken more action ahead of its planned auctions for 5G spectrum. The FCC decided to keep the auction for 24 GHz and 28 GHz separate from the auction for 37 GHz, 39 GHz, and 47 GHz. The first auction is expected to begin November 14, with the second scheduled for mid-2019. This second series […]
Apple owes WiLan $145 million for violating the small company’s patents, says a jury in San Diego. The company sued Apple over its use of wireless technology in some iPhones. The jury said Apple was guilty of violating two such patents and ordered Apple to pay restitution. Apple has been the target of WiLan lawsuits […]
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