Technology Stock
Facebook Slapped With $5 Billion Fine – But It’s Such A Joke That The Stock Jumped & Everyone Laughs
After months of investigation following Facebook’s 2018 Cambridge Analytica scandal, the Federal Trade Commission (FTC) decided to slap the company with US$5 billion (£4 billion; RM20.5 billion) fine – the largest ever imposed by the FTC against a tech company. Yet, the punishment was like a mosquito bite to the company. In fact, the punishment […]
... written on Jul 14 2019Against the threat of retaliation – even trade war – from the United States, the French have decided to slap a new tax on American companies. On Thursday (July 11), France’s Senate approved “3% digital tax” on the revenues of multinational firms and tech giants like Facebook, Google and Amazon. Trump administration warned that such […]
... written on Jul 12 2019Does Donald Trump want to kill Huawei or not? After all, it was him who whined, moaned and bitched back in May that the Chinese company was a threat to the U.S. national security. As a result, the Chinese telecom giant was put on a trade blacklist – banning U.S. businesses from selling parts and […]
... written on Jul 02 2019Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor announced at a press conference on Saturday that her highly unpopular extradition bill – which Hongkies called the “Evil Law” – will be “suspended”. She said – “The government has decided to suspend the legislative amendment exercise.” It appeared the 1-million protesters last Sunday had sent shivers […]
... written on Jun 16 2019The next time you exit from your condominium, take a look at the CCTV surveillance camera installed. Chances are the brand is “Hikvision”, the world’s largest supplier of video surveillance products based in Hangzhou, China. Founded in 2001, the company has its presence in a staggering 155 countries worldwide. Hikvision’s net profits in 2018 […]
... written on May 28 2019China and the United States are not likely to hug and kiss each other and end their present trade war, at least not as long as Donald Trump remains as the president. Like it or not, it’s a matter of time before the trade war goes full-blown. The world’s two biggest economic powers are digging […]
... written on May 27 2019Huawei’s CFO (Chief Financial Officer), Sabrina Meng Wanzhou, appears to be preparing for a long legal fight against extradition to the United States. The princess of Huawei is ready to move from her C$5 million (US$3.7 million; £2.8 million; RM15.4 million) six-bedroom house to her newly renovated C$13 million (US$9.6 million; £7.4 million; RM40 million) […]
... written on May 10 2019Despite worldwide political pressure, especially from the superpower United States, Huawei’s revenue grew 19.5% in 2018 – hitting US$100 billion. For the financial year 2018, Huawei, which overtook Ericsson in 2012 as the largest telecommunications-equipment manufacturer in the world, hit 721.2 billion Yuan (US$107.45 billion; £82.38 billion; RM438.67 billion) in sales. The Chinese company which overtook Apple in […]
... written on Mar 30 2019As the U.S. desperately tries to isolate and block its allies from using the Chinese 5G technology, Angela Merkel, Chancellor of the Federal Republic of Germany, has dealt a major blow to the Trump administration. She announced on Tuesday that the biggest economy of the European Union will not bend over to the pressure to […]
... written on Mar 20 2019Huawei Sues The U.S. – A Law That Bans Procurement Of Huawei Products Violates American Constitution
Huawei, after months of “war of words” and political pressure with the U.S., has finally decided to bring the government to the court. In slapping the U.S. government with a lawsuit, the Chinese tech company said a law that bans United States federal agencies from buying Huawei products is against its very own Constitution. […]
... written on Mar 07 2019
