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You’ll Never See The World The Same Way Again
Shenandoah Telecom (NASDAQ:SHEN) wrapped the day down 5.6% after an update on its usual affiliate negotiations with Sprint, in the wake of Sprint’s absorption into the new T-Mobile (NASDAQ:TMUS).
Shentel has been a Sprint affiliate since 1995.
With the merger’s closure last week, T-Mobile delivered to Shentel a required notice of Network Technology Conversion, Brand Conversion and Combination Conversion, and their agreement provides for a 90-day period to negotiate terms to continue the deal.
If the two haven’t negotiated an agreeable deal, then T-Mobile has 60 days to purchase Shentel’s wireless assets for 90% of entire business value; if T-Mobile doesn’t exercise that option, Shentel has a 60-day period to purchase legacy T-Mobile network and subscribers in its area. And failing both those options, T-Mobile has to sell or decommission the legacy network.
Talks are ongoing, Shentel says.
IQIYI (NASDAQ:IQ) says the Wolfpack Research report “contains numerous errors, unsubstantiated statements and misleading conclusions.”
The company says it remains “committed to maintaining high standards of corporate governance and internal control.”
Amazon (NASDAQ:AMZN) confirms two positive coronavirus cases near Cleveland, Ohio, and one in Lexington, Kentucky.
The Kentucky worker and one of the Ohio employees worked at fulfillment centers, while the third person was at a delivery station.
Amazon’s response to coronavirus cases at its facilities led to strikes last week in Staten Island and near Detroit.
The tech giant recently announced plans to hire 100,000 additional workers, including warehouse employees and delivery drivers.
DHS’s Cybersecurity and Infrastructure Security Agency says that Zoom Video (ZM -6.6%) was responsive to security concerns, according to a memo viewed by Reuters.
The CISA and the Federal Risk and Authorization Management Program screen software used by government agencies.
Zoom use has surged during the coronavirus-related remote work shift, bringing attention to its security practices for both the consumer- and government-facing products.
Zoom CEO Eric Yuan has pledged to do better with security in the future.
“We are now introducing a limit so that messages can only be forwarded to one chat at a time,” WhatsApp (NASDAQ:FB) says in a new blog post.
“We’ve seen a significant increase in the amount of forwarding which users have told us can feel overwhelming and can contribute to the spread of misinformation. We believe it’s important to slow the spread of these messages down to keep WhatsApp a place for personal conversation.”
Since last year, users have been able to forward a message to only five individuals or groups at once, down from an earlier limit of 20. The app also labeled any messages that had been forwarded more than five times.
