Tag Archives: self-driving-cars

Democratic FCC Commissioner says Trump tariffs will hurt 5G

Democratic FCC Commissioner Jessica Rosenworcel, along with some tech trade groups, say President Donald Trump’s tariff hike on Chinese goods entering the US will slow the stateside rollout of 5G.  In a tweet on Friday, the lone Democrat on the commission said the tariffs, which more than doubled overnight, are “a 25% tax on the …

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Lyft posts big loss in first quarter as a publicly traded company

Lyft’s first quarter on the stock market has been a bumpy ride. Everything looked good when the ride-hailing service’s co-founders, Logan Green and John Zimmer, rang the opening bell on the Nasdaq exchange on March 29 to celebrate Lyft’s first day as a publicly traded company. Shares rose 8.7% to close at $78.29. Shareholders rejoiced. Lyft was seen as the …

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Uber’s IPO filing dishes on frenemies, synergies and #DeleteUber

Uber has come a long way since its days of “Boob-er” — the infamous nickname co-founder and former CEO Travis Kalanick gave himself because his role at the company helped him score women.  The San Francisco-based company appears all grown up now.  In mid-April, Uber publicly filed with the US Securities and Exchange Commission for an initial public offering that could …

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5G networks are almost upon us. Will you be an early adopter?

5G is the fifth generation of cellular technology and with it comes a promise of increased speed, coverage and responsiveness of wireless networks. Proponents of 5G claim that this upgrade doesn’t only come with big speed boosts to your cellular device, but will also greatly benefit other areas of tech such as self-driving cars, virtual and augmented reality as well …

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Uber files for an IPO possibly worth $120 billion

Uber, the highest valued private company in the world, just filed to go public. The San Francisco-based ride-hailing company filed with the US Securities and Exchange Commission on Thursday for its initial public offering. It reportedly plans to sell about $10 billion worth of stock, which would make it one of the largest US tech IPOs ever coming in at an …

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Lyft cruises onto Wall Street in style with strong stock market debut

Lyft has come a long way since its days of fist bumps and pink mustaches.  After its highly anticipated initial public offering, the San Francisco-based ride-hailing company began publicly trading late Friday morning with a preopen share price set at $72. It quickly jumped roughly 20 percent to $85.91 in trading around 9 a.m. PT, before closing at $78.29, up …

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Lyft files for IPO, says it ‘represents freedom at your fingertips’

Lyft is the first US ride-hailing company to be heading to the stock market. Filing with the US Securities and Exchange Commission for its initial public offering on March 1, Lyft said it plans to “revolutionize transportation” and be the “defining brand of our generation.” When the company goes public, Lyft said it plans to set its share price between $62 and …

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Microsoft sues manufacturing giant Foxconn over patents

When you think tech lawsuits, you might recall Apple suing Korean tech giant Samsung for allegedly copying its designs for the iPhone. Or maybe you think of Waymo suing Uber, accusing the ride-hailing giant of stealing trade secrets used to develop self-driving cars. This is not that type of lawsuit. Instead, Microsoft on Friday sued the Taiwan-based manufacturing behemoth Hon Hai Precision …

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Sprint vows broad 5G coverage when four cities launch in May

Sprint’s 5G service is just around the corner. As long as you’re in one of four markets. Sprint Chief Technology Officer John Saw said in a press conference on Monday that 5G will turn on in Chicago, Atlanta, the Dallas-Fort Worth area and the company’s hometown of Kansas City. Another five markets — Los Angeles, New York, Washington, Phoenix and …

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Huawei founder says US treats 5G like ‘military’ tech

Huawei boss Ren Zhengfei is downplaying the idea that there’s danger in his company’s taking a lead role as 5G networks become a widespread reality. The founder and president of the Chinese telecom giant was referring to the hard-line stance by the US — its long-running recommendation that US companies avoid Huawei networking equipment and its warning to its allies …

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