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Mobile Minutes: Uber tops NYC; China Mobile’s slide; Orange’s Cloudwatt play; Google probe

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March 23, 2015

 

Uber app.

Uber app.

Uber cars pull ahead of yellow cabs in New York City
Cars operated by Uber Technologies Inc. now outnumber New York’s yellow cabs, the latest sign that its mobile phone app is changing the way city dwellers hail rides.
Read more on Bloomberg 

China Mobile drops $9 billion in value as profit slide worsens
China Mobile Ltd. saw $9 billion erased from its market value after the company posted its largest annual profit drop since 1999 amid rising spending on a new high-speed network.
Read more on Bloomberg 

Orange buys Thales, CDC’s stakes in Cloudwatt JV
French telecoms groups Orange said on Friday that it was buying shares held by French defense group Thales and the CDC state-backed lender in its cloud computing joint venture Cloudwatt.
With support from the French state, the company was launched in 2012 to provide an alternative to big U.S. companies dominating the sector but it has struggled to take off.
Read more on Reuters

Inside the U.S. antitrust probe of Google: Key FTC staff wanted to sue Internet giant after finding ‘real harm to consumers and to innovation’
Officials at the Federal Trade Commission concluded in 2012 that Google Inc. used anticompetitive tactics and abused its monopoly power in ways that harmed Internet users and rivals, a far harsher analysis of Google’s business than was previously known.
Read more on Wall Street Journal

 

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