Data Sheet—When Apple’s Stock Finally Could Hit $1 Trillion
Booted. New York’s top utility regulator voted on Friday to revoke its approval of Charter Cable‘s 2016 acquisition of Time Warner Cable. Part of a $ 57 billion merger, the deal gave Charter, under it Spectrum brand name, 2 million cable TV and Internet customers in the state. But the New York State Public Service Commission says Charter hasn’t lived up to promises of bringing broadband to tens of thousands more residents living outside of cities. The company, which will certainly appeal, was given 60 days to offer a plan to divest the acquired customers.
Temporarily booted. The seemingly too good to be true MoviePass service crashed to earth a bit last week. After parent company Helios and Matheson Analytics ran out of cash on hand, customers were unable to use the service on Thursday. Service was restored after the company got a $ 6 million loan that’s due next week.
Included. In a continued effort to find growth markets, IBM announced a blockchain product for the finance industry dubbed LedgerConnect. The idea is to use a private database shared among banks based on the software used for tracking digital currency transactions like bitcoin.
Joining the fray. The IPO market got another hit of tech on Friday when Opera, maker of the same-named web browser, went public at $ 12 a share. The shares rose modestly 9% by the end of the day.
Joining the fray, a different way. An in-depth profile and interview from Bloomberg explores the background of the new top crypto regulator at the Securities and Exchange Commission, Valerie Szczepanik. “What we’re hoping is people will want to come into compliance,” she says. “If there’s no effort to do that, if instead folks choose to ignore applicable laws, we might take a different tack.”
We can monitor it for you wholesale. Mobile chip designer ARM Holdings is buying data analytics firm Treasure Data for about $ 600 million. Now owned by SoftBank, ARM has been seeking to get into the market for smart, connected devices, or the Internet of Things. Treasure Data’s service has been used, for example, by Mitsubishi to analyze billions of readings from sensors on wind turbines to schedule preventive maintenance.
The real McCoy. Law enforcement agencies like the FBI complain loudly about their inability to crack encryption security on smartphones, but a new study found a much larger challenge was tracking down suspects’ unencrypted data from cloud service providers. “This is an issue that has received relatively little attention and resources, and certainly not enough compared to the need,” the study by the Center for Strategic and International Studies noted.
