Technology

NIGCOMSAT-2A, 2B: $2bn satellites may trigger broadcast, broadband boom in 2028

NIGCOMSAT-2A, 2B: $2bn satellites may trigger broadcast, broadband boom in 2028

By Prince Osuagwu, Hi-Tech EditorIf the timeline set by the Nigerian Communications Satellite Limited, NIGCOMSAT, for the deployment of its two new communications satellites remains on course, Nigeria’s broadcast and broadband sectors could be heading for a major capacity boom by 2028. That prospect received a major boost at the weekend after the Federal Executive […]
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Twitter expects fine for misuse of user phone numbers

Twitter expects fine for misuse of user phone numbers

Twitter said in a regulatory filing this week it’s likely to be fined up to $250 million for misusing user phone numbers to target ads. In a Securities and Exchange Commission filing on Monday, Twitter said it so far set aside $150 million for an anticipated fine from the Federal Trade Commission. The social network […]

China talks tough, as Microsoft moves to acquire TikTok’s US operations

China talks tough, as Microsoft moves to acquire TikTok’s US operations

China will not accept the “theft” of a Chinese technology company and is able to respond to Washington’s move to push ByteDance to sell short-video app TikTok’s US operations to Microsoft, the China Daily newspaper said on Tuesday. The US’s “bullying” of Chinese tech companies was a consequence of Washington’s zero-sum vision of “America first” […]

Google buys $450m stake in ADT to give Nest a new perch

Google buys $450m stake in ADT to give Nest a new perch

Google is paying $450 million for a nearly 7% stake in longtime home and business security provider ADT Inc., a deal that will open new opportunities for one of the internet’s most powerful companies to extend the reach of its Nest cameras and voice-activated voice assistant. As part of the partnership announced Monday, ADT will use […]

Google unveils cheaper Pixel smartphone, teases 5G

Google unveils cheaper Pixel smartphone, teases 5G

Google on Monday unveiled a new. more affordable Pixel smartphone and said it would launch models tailored for super-fast 5G networks later this year. The Pixel 4a boasts core features popular that made its top-of-the-line predecessor popular, like a sophisticated camera system. But its starting price of $349 is about half that of the flagship […]

Trump gives Microsoft 45-day deadline to clinch TikTok deal

Trump gives Microsoft 45-day deadline to clinch TikTok deal

US President Donald Trump agreed to allow Microsoft to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said on Sunday. The move represents an about-face for Trump and prompted the US tech giant to declare its interest in the blockbuster […]

TikTok owner accuses Facebook of ‘plagiarism and smears’

TikTok owner accuses Facebook of ‘plagiarism and smears’

TikTok owner ByteDance has accused Facebook of plagiarism and smears although it did not elaborate on the accusation. The Chinese firm also said it faced “complex and unimaginable difficulties” as it worked to grow into a global company. The Beijing-based company made the comments in a statement late on Sunday posted on its official account […]

TIKTOK: Bytedance offers to sell US operations, as Trump ban looms

TIKTOK: Bytedance offers to sell US operations, as Trump ban looms

The Chinese company behind TikTok offered the White House a last-minute deal to prevent a US ban of the app, after President Trump announced plans to block it late Friday night. The social network, controlled by a company called ByteDance, is enormously popular in the United States with more than 80 million daily active users. […]

Nvidia is in advanced talks to buy chip company ARM

Nvidia is in advanced talks to buy chip company ARM

Nvidia is in advanced talks to acquire ARM, the chip designer owned by SoftBank Group, according to people familiar with the matter. The two parties aim to reach a deal in the next few weeks, the people said, asking not to be identified because the information is private. Nvidia is the only suitor in concrete […]

Facebook seals partnerships with music giants for video rights

Facebook seals partnerships with music giants for video rights

Facebook has completed a series of deals for the right to show music videos, according to people familiar with the matter, vaulting the social network into a medium dominated by YouTube. Partnerships with the three largest music companies Universal Music Group, Sony Music Entertainment and Warner Music Group are expected to be announced soon, said […]

COVID-19: Oil giant ExxonMobil posts largest loss ever

COVID-19: Oil giant ExxonMobil posts largest loss ever

ExxonMobil reported its biggest-ever quarterly loss on Friday as the coronavirus pandemic slammed demand and prices for oil. The Texas-based oil giant lost nearly $1.1 billion from April to June as COVID-19 caused a historic plunge in oil prices that hammered its production business. That came on the heels of a $610 million loss in […]

Tech giant Microsoft in talks to acquire TikTok

Tech giant Microsoft in talks to acquire TikTok

Microsoft is in talks to acquire TikTok, the immensely popular social media app known for its fun short-form videos, in a move that could prevent the Trump administration from banning it from the US, according to reports. The Seattle tech giant founded by Bill Gates is in discussions to buy TikTok in a deal valued […]

Florida teen arrested as mastermind of Twitter hack

Florida teen arrested as mastermind of Twitter hack

A Florida teen was identified Friday as the mastermind of a scheme earlier this month that commandeered Twitter accounts of prominent politicians, celebrities and technology moguls and scammed people around the globe out of more than $100,000 in Bitcoin. Two other men were also charged in the case. Graham Ivan Clark, 17, was arrested Friday […]