[10/13/2020] Starlink Preps Public Beta For Parts Of U.S & Canada
Last week, Elon Musk indicated that SpaceX’s satellite-based Internet business, Starlink, had launched enough satellites to start public beta services in parts of the northern U.S. and southern Canada. With the launch of about 60 Starlink satellites last Tuesday, SpaceX will have a total of over 770 satellites in orbit. While the company should be able to offer speeds of about 100 Mbps, it plans to launch thousands of more satellites, enabling Starlink to provide Internet at speeds of as much as 1 Gbps to much of the populated world. The success of Starlink will be crucial to SpaceX, which has thus far focused on the relatively niche space launch services business. If Starlink Internet service is able to provide a compelling value proposition compared to traditional broadband in terms of both pricing and performance, SpaceX could have a winner on its hands. Below, we provide a scenario of how Starlink could be worth about $30 billion by 2025.
[2/12/2020] Starlink Valuation: What Could SpaceX’s Starlink Service Be Worth?
SpaceX recently indicated that it could spin off and pursue an IPO for its satellite-based Internet business, Starlink. The Starlink service, which is likely to see operations begin later this year, aims to provide high-speed Internet globally in a cost-effective manner by leveraging a constellation of several thousand satellites. While SpaceX has not given a definitive timeline for an
A trial date has been set for Epic Games vs. Apple following an extended and public disagreement over the latter company’s alleged monopolization of iOS digital marketplaces. Epic Games initially filed suit immediately after Fortnite was removed from the App Store for violating its payment rules.
The case will be held as a bench trial, meaning there will be no jury, and begins on May 3, 2021. Because of the ongoing pandemic, the court has not yet decided whether the trial will be held in-person or virtually. The decision to use a bench trial was also influenced by the pandemic, as a backlog of jury trial cases would have pushed it into next summer.
Epic Games has argued that by not allowing outside companies to run their own digital stores on iOS devices, Apple has effectively created a monopoly. It takes a sizeable portion of every digital profit on the App Store, including in-app purchases. Fortnite was banned after Epic Games attempted to circumvent this by offering a direct-purchase option for V-Bucks in the game, but it very clearly knew it was going to get the game banned–a lawsuit that was dozens of pages long was filed almost immediately afterward. Videos mocking Apple’s classic ads, similar to the classic film and book 1984, were also played. It wasn’t exactly subtle.
Apple may have a difficult time arguing it doesn’t hold a monopoly, as the House Judiciary committee on antitrust just released a report claiming it, along with Google, Amazon, and Facebook, hold monopoly power within the tech industry. For Apple, it cited its “software distribution” system on iOS, meaning the App Store.
Fortnite has been inaccessible for new downloads on iOS since August, and it can no longer be updated. This means players can’t receive the latest seasonal content. It
(Bloomberg) — Britain’s deals watchdog said it’s “only right” that it gets to review a tie-up between Liberty Global Plc and Telefonica SA in the nation, setting up a regulatory tussle with the European Union as the U.K. and EU leaders clash over their future relationship.
The Competition and Markets Authority asked the European Commission to transfer a probe into Liberty Global’s plan to merge its Virgin Media unit with Telefonica’s O2 in the U.K. The EU’s competition regulator, which normally clings on tightly to investigations of telecom deals, acknowledged the request, pushing back its deadline to rule on the deal until Nov. 19
“As the merger will only impact U.K. consumers — and any effects would only be felt after the end of the transition period — it is only right for the CMA to request it back,” CMA Chief Executive Officer Andrea Coscelli said in an emailed statement on Thursday.
Liberty Global sought European Commission approval for the transaction last week. EU regulators can transfer a review to smaller national authorities if they think they are best placed to make a decision. The EU has rarely handed back mobile-phone deals and has often taken a harsh line on telecoms consolidation. Although Britain quit the EU earlier this year, EU law still applies and large deals are handled by the Brussels-based authority during a transition period until
In March of this year I wrote about how to establish a global set of standards for companies to report on their environmental, social, and governance (ESG) performance—or so-called “nonfinancial information.”
I’m pleased to report that significant progress has been made in the past five months.
Key to this achievement is the foundational work of five NGOs (The Five) whose missions are aligned with this goal: CDP, the Climate Disclosure Standards Board (CDSB), the Global Reporting Initiative (GRI), and the Sustainability Accounting Standards Board (SASB), guide the overwhelming majority of ESG disclosure and the International integrated Reporting Council (IIRC) provides the framework for how to connect ESG disclosure to reporting on financial and other capitals.
Their work is particularly critical now, as governments and major accounting bodies are acting on standards. The IFRS and IFAC have recognized the need for mandated standards for nonfinancial information. The EU, in reviewing its Non-financial Reporting Directive (NFRD), has instructed EFRAG to establish a European Lab Project Task Force to make recommendations on standards for nonfinancial information, as a prelude to their stated intention to regulate. And a variety of business groups, including the IBC/WEF and the Big Four have voiced the need for global ESG reporting standards for companies and markets.
All of these groups should build on the work of “The Five.”
Not only are they field leaders, they also recognize that they are stronger as a group than individually. And while each of “The Five” has its own particular approach to ESG standards and reporting, much of their technical content is complementary rather than overlapping. This is clear in their recent “Statement of Intent to Work Together Towards Comprehensive Corporate Reporting (The Statement)” authored by The Five and facilitated by the Impact Management Project, the World Economic Forum, and Deloitte. I
Updated 8:50 p.m. ET Wednesday
A federal judge in California has ordered that Twitter reveal the identity of an anonymous user who allegedly fabricated an FBI document to spread a conspiracy theory about the killing of Seth Rich, the Democratic National Committee staffer who died in 2016.
The ruling could lead to the identification of the person behind the Twitter name @whyspertech. Through that account, the user allegedly provided forged FBI materials to Fox News. The documents falsely linked Rich’s killing to the WikiLeaks hack of Democratic Party emails in the lead-up to the 2016 election.
While Twitter fought to keep the user’s identity secret, U.S. Magistrate Judge Donna Ryu in Oakland, Calif., ordered on Tuesday that the tech company must turn over the information to attorneys representing Rich’s family in a defamation suit by Oct. 20.
It is the latest twist in a years-long saga over a conspiracy theory that rocked Washington, caused a grieving family a great deal of pain and set off multiple legal battles.
In a now-retracted story, Fox News falsely claimed that Rich’s computer was connected to the leak of Democratic Party emails provided to WikiLeaks, and that Rich’s slaying was related to the purported leak. The theory was even debunked in special counsel Robert Mueller’s report.
The Washington Times later reported in 2018 that Rich’s brother, Aaron Rich,