- Facebook/Mark Zuckerberg
Good morning! Here’s the technology news you need to know this Thursday morning.
1. Warren Buffett’s Berkshire Hathaway loaded up on more Apple stock. In the fourth quarter, the Nebraska-based firm upped its holdings of Apple by 23% to 31.2 million shares. Its stake is now worth $165.3 million (£117 million).
2. Cisco’s revenue is finally growing again and investors are piling in. The computer networking company forecast financial results for the current quarter that topped Wall Street targets, sending its stock up 5% in after hours trading on Wednesday.
3. Apple admitted that its new $350 (£249) speaker can leave permanent white rings on wooden surfaces and furniture. Apple confirmed to two outlets that the HomePod could damage oiled wood because of a reaction with the device’s silicone base.
4. Uber’s CEO said its $245 million (£174 million) settlement with Waymo was “well worthwhile.” Dara Khosrowshahi said that the case put a “pretty significant question mark” over the work of Uber’s employees.
5. US intelligence officials said they wouldn’t use a Chinese-made Huawei or ZTE phone for fear of spying. Chinese firms have come under greater scrutiny in the United States in recent years over fears they may be conduits for spying, something they have consistently denied.
6. A 29-year-old female tech founder is suing 73-year-old VC Lucio Lanza alleging he sexually assaulted her on a plane. Lanza denies the allegations.
7. Facebook’s two-factor authentication system posts replies to your profile. It’s not clear if it’s a bug or not.
8. Western Union said it’s testing transactions using Ripple technology. Ripple’s XRP was up slightly on the news.
9. The CEO of Flipboard believes that Apple News is “a product living in the past.” Mike McCue criticised Apple for a lack of social features in its news app.
10. Salesforce revealed the size of its $28 million (£19 million) investment in Twilio for the first time, and Twilio shares surged. Shares for Twilio were up 19% Wednesday morning following strong quarterly earnings on Tuesday.