
T-Mobile's stock saw a notable rise early Monday, following the carrier's announcement of a major new development in satellite connectivity. The telecom giant has launched a beta trial for its new Starlink-powered satellite texting feature, allowing users in previously unreachable "dead zones" to send and receive text messages. This coverage spans an impressive 500,000 square miles of the U.S. that were once outside the range of traditional cell towers. While the texting service is up and running, T-Mobile plans to expand this capability with voice and data services in the near future.
The announcement was made even more impactful by the dramatic showcase in a 60-second Super Bowl commercial, which highlighted the groundbreaking service. In a move to encourage early adoption, T-Mobile is offering the satellite texting service for free until July. Afterward, the service will shift to a subscription model, with T-Mobile customers paying $15 per month, while users from other networks like Verizon and AT&T will see a slightly higher fee of $20 per month.
As T-Mobile and Starlink embark on wide-scale testing, the service promises to bridge significant gaps in mobile connectivity, particularly in rural and remote areas where traditional cell towers can't reach. This partnership marks a major step forward in how satellite technology can enhance the telecommunications industry, and the potential to revolutionize communication for millions in underserved regions.
Nearly a month after former President Trump’s delay of the ban, the short-form video app is now available again for download on both the Apple and Google Play stores, according to Bloomberg. The app has already claimed the coveted spot as the most-downloaded free app on the Apple App Store, signaling its continued popularity among users. However, it has not yet made a significant impact on the Google Play rankings.
This move follows a key development in the saga: U.S. Attorney General Pam Bondi provided written assurances to both Apple and Google that they would not face any legal repercussions for reinstating the app. These assurances helped clear the path for the tech giants to restore TikTok to their stores, after an extended period of uncertainty surrounding its future in the U.S.
The reinstatement comes on the heels of Trump’s original decision to delay the TikTok ban, which gave the Chinese company 75 days to secure a U.S. buyer. During this period, existing TikTok users could still access the app, but new users were unable to download it from American app stores. With the app now back in action, it remains to be seen how the situation will unfold in the coming months, but for now, TikTok seems to be back on top.
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The tech giant, alongside other big-name companies, paused its ad campaigns after Elon Musk, the platform's owner, endorsed an antisemitic post. During that time, watchdog organizations found that ads on X were appearing next to harmful and offensive content, leading to widespread backlash.
Apple's decision to return comes as part of a larger trend, with other major brands like Amazon, Disney, Comcast, and IBM also resuming their advertising efforts on X. However, despite the comeback, ad spending is still significantly lower than it was before Musk's acquisition of the platform. X’s content moderation policies remain largely unchanged, and traffic data from Similarweb suggests that user growth has stagnated since November. In fact, a leaked email from Musk to X staff reportedly indicated the company’s struggles with stagnant user growth and unimpressive revenue, though Musk later denied the email's authenticity.
The companies' decision to return could be influenced by Musk’s political ties, particularly his relationship with former President Donald Trump. These connections may have played a role in reassuring advertisers who had been cautious about associating with X due to its controversial leadership and content moderation issues.
The company, which is owned by SoftBank, announced that it will be developing a new chip specifically for Meta, its first customer in this ambitious new venture. This marks a major shift for Arm, which has typically licensed its chip designs to other companies, but now plans to build and produce its own processors.
This move could potentially disrupt the semiconductor industry, valued at around $700 billion, as Arm steps into direct competition with some of its largest customers, such as Nvidia, Intel, and AMD. By moving from designing the fundamental components of chips to manufacturing complete processors, Arm is changing the dynamics of the market and positioning itself as a more direct player in the industry.
The news has been met with positive market reactions. Arm’s stock rose nearly 5%, reflecting investor optimism about this bold expansion. Meanwhile, SoftBank also saw a 2% increase in its share price, benefiting from the announcement. This shift could have lasting implications for the semiconductor market, and eyes will be on Arm to see how it fares in this new, more competitive role.
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