Talks between Sprint and T-Mobile about a potential merger recently broke down when both sides offered deals the other wouldn't accept. There's been a fight over who will have a controlling stake in the combined company, with Sprint owner Softbank aiming to hold that position.
New allegations are being made in the legal battle between Qualcomm and Apple. A new lawsuit against Apple accuses it of helping Intel improperly use Qualcomm software. Apple stands accused of breaching a contract governing the use of important software.
AT&T is trying to merge with Time Warner, but it could face opposition from the legal system in the United States. The Department of Justice (DoJ) may bring an antitrust case against AT&T, reports The Wall Street Journal, and the DoJ is said to already be speaking with both.
China's Alibaba had yet another impressive quarter, with revenue increasing 61% year-over-year during Q3. It beat analyst expectations with total revenue of $8.3 billion and net profit of $2.7 billion. Its own annual revenue growth estimate increased from 49% to 52%.
GoPro posted its first quarterly profit in two years during Q3. The company's latest financial results show it had $15 million in net income, rising far above the $104 million loss it reported during the same period last year. The Hero6 camera and Karma drone played a big role.
Lenovo is purchasing a 51% controlling stake in Fujitsu's PC business, which was spun out from the company two years ago due to it not being profitable. It'll spend $157 million in cash to acquire the stake and Lenovo will spend another $22-112 million based on performance.
Facebook has a pilot program that'll expand upon its tools against revenge porn across its platforms, including Facebook and Instagram. The pilot is first rolling out in Australia and then it will reach the US, UK, and Canada. It plans to prevent images from ever going live.
A couple new major sponsors have been announced for Blizzard's Overwatch League. Intel and HP have signed up for long-term deals with the organization, meaning they'll contribute money to the league and also receive some brand exclusivity benefits as a result.
Following Russia's use of ads on social media to influence the 2016 US election, some members of the public and government have become interested in further regulating online ads. Measures to increase transparency in that realm could be "very good," says Mark Zuckerberg.
Using a Congress-approved budget, the US' Overseas Private Investment Corporation (OPIC) says it'll invest $200 million in venture capital funds over the next few years. That money will be used to support projects intended to improve living standards around the world.
Tesla had its worst quarter ever during Q3, the automaker revealed on Wednesday. It posted a $619 million loss, up from a $336 million loss during the prior quarter. That news wasn't received well even though Tesla did have a record level of revenue.
Tesla has recently gone through rounds of performance-related layoffs and it got rid of 700 people during the third quarter for that reason. CEO Elon Musk says he's not happy with how these firings have been covered by members of the media in recent months.
AT&T has backed away from its legal case against Louisville and Jefferson County over them providing Google Fiber and other competitors with faster utility pole access. It sued the local government early in 2016, but a US District Court judge ruled against AT&T in August.
Russia's posts on Instagram had a reach of 20 million in the United States, Facebook's general counsel Colin Stretch revealed to Congress on Wednesday. Tech companies are testifying in front of a Senate committee about how Russia-linked groups used posts and ads.
Alphabet chairman Eric Schmidt believes the United States needs to dedicate more resources to artificial intelligence, otherwise competitors in China could end up with a significant lead. He thinks the US' lead will only be maintained for another five years.
Facebook had an impressive third quarter, with its profit increasing 79% year-over-year to $4.7 billion. It once again surpassed expectations. The company earned $10.3 billion in revenue and $1.59 GAAP earnings per share. That went beyond estimates of $9.84 billion.
Fitbit was able to beat analyst estimates with its Q3 performance, but the wearable maker still had a loss of $113 million. Its estimated performance would have led to a net loss per share of $0.04, but it only reported a $0.01 loss. Fitbit saw $393 million in revenue.
Tesla is pushing back its production timeline for the Model 3 and says it's "difficult to predict" when the bottlenecks will end. While it doesn't know exactly when it'll get on its planned manufacturing schedule, the automaker plans to be producing 5,000 weekly by Q1 2018.
Xiaomi is really on a roll lately and their latest achievement is all about shipments. After shipping over 10 million smartphones in September, it appears that the company beat its recording the very next month, confirming its remarkable growth this year.
The popular Baltimore-based fitness company Under Armour is another company that is having financial problems. The company confirmed its sales slumped 12 percent and profits fell 58 percent to $54 million or 12 cents per share from $128 million, or 29 cents per share.