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AM Prep-Cyber Corner

May 21, 2019

IN THE NEWS: T-MOBILE TAKEOVER OF SPRINT GETS BOOST

NEW YORK (AP) — The proposed takeover of Sprint by rival wireless company T-Mobile has taken a step forward _ now that a key federal regulator is supporting the move. Federal Communications Commission Chairman Ajit Pai has said he will back the deal. He says he’ll give his OK because the companies have promised to expand mobile internet access in rural areas and roll out 5G service. There are still hurdles to be cleared before the deal gets final approval. The full FCC must approve it, the Justice Department has to sign off on it and the takeover must survive likely challenges by state attorneys general.

IN THE NEWS: GOOGLE - HUAWEI

UNDATED (AP) _ It’s a move that could cause Chinese manufacturer Huawei to lose its status as the world’s second biggest cellphone maker. Google has announced that it would go along with U.S. government rules aimed at punishing the Chinese firm. The Trump administration’s move basically bars U.S. firms from selling components and software to Huawei _ and is the latest gambit in the growing trade war between the Washington and Beijing governments. That means while Google says it will keep supporting existing Huawei smartphones, future models won’t include Google-sourced apps like search, maps and Gmail.

ON THE WEB: MEAL KIT COMPANIES SEE FORTUNES DECLINE

CYBERSPACE (AP) — So, when was the last time you or someone you know ordered from one of those meal kit sites? If your answer is not recently or never, you can imagine the financial shape such companies are in. One of the biggest, Blue Apron, says it could be dropped from the New York Stock Exchange because its closing share price has been below $1 most of this month. Subscription-based meal kit companies face a series of problems in getting traction. They appeal to a small group, the per-meal price is relatively high and _ once you pay for and receive them _ you still have to make the meal yourself.

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Online:

Blue Apron site: http://www.blueapron.com

by Oscar Wells Gabriel II

Follow Oscar Wells Gabriel II on Twitter at https://twitter.com/OWGabriel2

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