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You can’t afford to make poor decisions about incentive stock options - techcrunch

You can’t afford to make poor decisions about incentive stock options

When the time is right, employees should actively look for help from a qualified fiduciary financial adviser who can walk these could-be "options millionaires" through various cash-in scenarios.
techcrunch - 5 hours ago
Twitter partners with AP and Reuters to address misinformation on its platform - techcrunch

Twitter partners with AP and Reuters to address misinformation on its platform

Twitter announced today it’s partnering with news organizations The Associated Press (AP) and Reuters to expand its efforts focused on highlighting reliable news and information on its platform. Through the new agreements, Twitter’s Curation team will be able to leverage the expertise of the partnered organizations to add more context to the news and trends […]
techcrunch - 6 hours ago
Can You Afford to Wait Months for an SEO Strategy to Develop? - readwrite

Can You Afford to Wait Months for an SEO Strategy to Develop?

One of the biggest concerns I hear from people considering launching a search engine optimization (SEO) strategy is the length of time it takes to see results. Depending on when you start, the competitiveness of your industry, how much you invest, and a handful of other variables, it will likely take weeks, or even months […] The post Can You Afford to Wait Months for an SEO Strategy to Develop? appeared first on ReadWrite.
readwrite - 6 hours ago
Novakid’s investors bet $35M that it can teach kids English - techcrunch

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If you’re trying to develop fluency in a non-native tongue, language immersion is a crucial part of the learning process. Surrounding yourself with native speakers helps with pronunciation, context building, and most of all, confidence. But what if you’re an eight-year-old kid in Spain learning English and can’t swing a solo trip to the United […]
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Finite State lands $30M Series B to help uncover security flaws in device firmware - techcrunch

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Element Ventures pulls in $130M to double-down on the FinTech enterprise trend - techcrunch

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With the rise of Open Banking, Psd2 Regulation, InsurTech, and the whole, general Fintech boom, tech investors have realized that there is an increasing place for dedicated funds which double down on this ongoing movement. When you look at the rise of banking-as-a-service offerings, payments platforms, insurtech, asset management, and infrastructure providers, you realize that […]
techcrunch - 14 hours ago
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techcrunch
Huawei reports slowing growth as its operations “face significant challenges”

Huawei reports slowing growth as its operations “face significant challenges”

techcrunch - 9 months ago

Huawei announced earnings results today showing that its growth has slowed significantly this year as the Chinese telecom equipment and smartphone giant said its “production and operations face significant challenges.”

While Huawei did not specify trade restrictions in its brief announcement, the company has been hit with a series of commercial trade restrictions by the U.S. government. The full impact of those policies havent been realized yet, because U.S. government has granted Huawei several waivers, including one that will delay the implementation of a ban on commercial trade with Huawei and ZTE until May 2021.

During the first three quarters of 2020, the Chinese telecoms and smartphone giant reported revenue of 671.3 billion yuan (about USD $100.7 billion), an increase of 9.9% year-over-year, with a profit margin of 8%. The company said those results “basically met expectations,” but it represents a huge drop from its performance during the same period last year, when Huawei reported 24.4% growth with a profit margin of 8.7%.

Huawei is a privately-held company and its announcement did not break down its results in terms of smartphone or telecoms equipment sales, or other detail.

The company wrote that “as the world grapples with COVID-19, Huaweis global supply chain is being put under pressure and its production and operations face significant challenges. The company continues to do its best to find solutions, survive and forge forward, and fulfill its obligations to customers and suppliers.”

Other U.S. restrictions include one that would ban Huawei from using U.S. software and hardware in certain semiconductor processes, forcing it to find other sources for chips.

In addition to the U.S., Huawei is also facing scrutiny by other countries, including the United Kingdom, which is planning to implement a new poicy that will bar telecoms from buying new 5G equipment from Huawei to ZTE and require them to remove any parts from those companies thats already been installed in UK 5G networks by 2027.

Replacing Huawei equipment also presents costly challenges for telecoms, because Huawei is one of the biggest suppliers in the world. Last month, the U.S. Federal Communications Commission said it would cost $1.837 billion to replace Huawei and ZTE networking equipment, with rural telecom networks facing the most financial pressure.

But 2020 has had a few bright spots for Huawei. In July, a report from Canalys found that Huawei overtook Samsung as the leader in global smartphone shipments during the second quarter of 2020, a major milestone because it marked the the first time in nine years that Apple and Samsung didnt take the top spot on Canalys charts. This was partly because smartphone shipments in general have been hurt during the COVID-19 pandemic, but Huawei was helped by sales within China, its domestic market.

sauce: techcrunch
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