1) What 5G Will Mean for Us and Our Phones
Bloomberg.com video published Apr 12, 2018: Tomorrow's wireless networks will be incredibly fast and capable of accommodating many more connected devices. Bloomberg QuickTake explains what 5G is and how it will change your life. Video by Henry Baker and Christian Capestany.
5G networks are expected to launch across the world from 2018 through 2020, alongside existing 3G and 4G technology, and will provide speedier connections for online services and applications. See What is 5G? Everything you need to know | TechRadar.com.
2) Germany vs. Facebook $FB: Facebook's damage limitation drive hits trouble in Germany | Reuters.com 20 Apr 2018: “First we will seek a statement from Facebook and then hearings will begin”--German data privacy regulator said in opening its non-compliance procedure against Facebook in relation to the data leak to Cambridge Analytica.
Facebook shares on Friday--NASDAQ: FB April 20, 2018:
NASDAQ Composite | S&P 500 Index | DJIA -- despite Wall Street jitters, the S&P 500 made a gain of 0.5 percent for the week to show its second weekly gain in a row.
a. China Is Nationalizing Its Tech Sector | Bloomberg.com: "China's venture-capital sector is dominated not by traditional tech dealmakers but by the state: There are more than 1,000 government-owned VC firms in China, controlling more than $750 billion."
"The Chinese internet is in the midst of one of the toughest content purification campaigns in years ... The latest target is Bytedance, a private firm worth more than $30 billion that is best known for its news, video and humor apps ... In response, Zhang’s ritual, abject groveling apology reads like something out of an earlier era"--Axios.com
Germany's (and the world's) 'China problem': German firms are most worried about the role of China's government and communist party in the Chinese economy. “The hope was that closer economic ties would lead to an opening. Today it is clear this was a false hope”--German government official. See also Jim Chanos: No American CEO can make money in China | cnn.com: "It seems that everybody loves the Chinese market," Chanos said. "But nobody ever makes any money there."
b. Tech IPOs: VC investors, bankers, and analysts expect a wave of IPOs from many highly valued and well-known start-ups over the next 18 to 24 months--nytimes.com
c. US Freight Expenditures Surge 15.6% from Year Ago | WolfStreet.com
d. Construct Your Oil Portfolio: The Trend Following Version | SeekingAlpha.com
- China Delays Deal Reviews as U.S. Trade Frictions Build | WSJ.com: Amidst tariffs brawl with US, China is delaying reviews of Qualcomm's NXP deal and Bain's acquisition of Toshiba's chip unit, raising fears both deals may fail.
- France builds WhatsApp rival due to surveillance risk | Reuters.com
- U.S. Department of Commerce blocks sales from US firms to ZTE for seven years, after alleged false statements to officials following guilty plea on sanctions violation--Reuters.com
- UK: Cyber security watchdog warns UK telcos against using equipment from Chinese supplier ZTE | ft.com
- Huawei, Failing to Crack U.S. Market, Signals a Change in Tactics | nytimes.com: “Some things cannot change their course according to our wishes,” Eric Xu, Huawei’s deputy chairman, said at the company’s annual meeting with analysts on Tuesday. “With some things, when you let them go, you actually feel more at ease.”
- Amazon launches a ‘lite’ Android web browser app in India | TechCrunch.com
-- John Poole, Editor, Domain Mondo
feedback & comments via twitter @DomainMondo