Home Tech News Tech News Roundup 05/09/18

Tech News Roundup 05/09/18

7 min read

Here is today’s tech news roundup for May 9th, 2018

Walmart agrees to a $16 billion deal to buy a majority stake in India’s Flipkart

Were the transaction to end in the second quarter of the fiscal year, Walmart said it would expect a hit to full year 2019 earnings per share (EPS) of roughly 25 cents to 30 cents. The company reported an earnings miss in February, signaling the competitive challenges it faces from the likes of Amazon in online retail.

eBay plans to relaunch eBay India after it makes $1.1B selling its Flipkart stake to Walmart

Last year, eBay appeared to throw in the towel in India after it sold its business in the country to Flipkart and took a minority stake in the country’s e-commerce leader. Now, eBay is making a u-turn.

Africa’s Biggest Company Made $1.6 Billion on Flipkart Deal

Africa’s largest company just chalked up another major investment coup. Naspers Ltd. netted a cool $1.6 billion profit from the sale of its 11 percent stake in Indian e-commerce startup Flipkart, a deal almost as lucrative as its sale of Polish online auction site Allegro in 2016.

Apple Plans to Sell Video Subscriptions Through TV App

Apple Inc. ‘s plan to reinvent cable TV is starting to look a lot like the strategy of its rival Amazon.com Inc. For the first time, Apple plans to begin selling subscriptions to certain video services directly via its TV app, rather than asking users to subscribe to them through apps individually downloaded from the App Store, according to people familiar with the matter.

China’s ZTE Corp says main business operations have ceased due to…

HONG KONG (Reuters) – ZTE Corp’s ()() main business operations have ceased due to a ban imposed by the U.S. government, but the Chinese firm is trying to have the ban modified or reversed, it said in exchange filings late on Wednesday. ZTE last month was hit with a ban from Washington forbidding U.S.

Apple cracking down on applications that send location data to third-parties

Over the last few days, Apple has seemingly started cracking down on applications that share location data with third-parties. In such cases, Apple has been removing the application in question and informing developers that their app violates two parts of the App Store Review Guidelines…

Reddit, Tumblr, and other sites are adding “red alerts” to support a net neutrality vote in Congress

Reddit, Pornhub, Tumblr, and other companies are supporting an upcoming net neutrality vote with a new publicity campaign. The Red Alert for Net Neutrality project is organized by activist groups Demand Progress, Free Press Action Fund, and Fight for the Future, which have run similar awareness campaigns in the past.

The Senate has forced a vote to restore net neutrality

Sen. Ed Markey (D-MA) and 32 other Democrats have submitted a new discharge petition under the Congressional Review Act, setting the stage for a full congressional vote to restore net neutrality and reverse a December rollback introduced by FCC chairman Ajit Pai.

UPS has new electric trucks that look straight out of a Pixar movie

The trucks, which UPS will test in Paris and London, have what the company describes as a “highly advanced vehicle display,” along with additional safety features. Those include a wrap-around windshield that give the driver a wider field of view (handy to spot any cyclists zipping by) and Advanced Driver Assistance Systems, which aim to lower driver fatigue.

California says new homes must have solar panels, in push to go all-renewable

California just became the first state to require that all new homes be installed with solar panels, a continuation of its ambitious plans to completely wean itself off fossil fuels within two decades. All five members of the California Energy Commission voted for the mandate Wednesday morning, which will go into effect on January 1, 2020 for single family or “multi-family” buildings three stories or less.

‘Black dot of death’ is crashing iMessage, and there’s only one way to fix it

Apparently we live in a universe where crashing your friend’s phone is considered a fun prank. There’s a new bug going around that can paralyze the iPhone’s Messages app if it receives a message with a particular character, and not even a reboot will fix it.

Load More Related Articles
Load More In Tech News

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Tech News Roundup 05/23/18

Today's tech news headlines for May 23rd, 2018. …