Morning Beat: Facebook Inc (FB), Apple Inc. (AAPL), and Alphabet Inc (GOOGL)


It appears Facebook Inc (NASDAQ:FB) is scared that Free Basics, its zero-rating service, could be dealt a blow in India. The company has been aggressively lobbying in the recent days. Aggressive lobbying has seen the giant social network ask users in India to send an automated email to the Telecom Regulatory Authority of India.

Concerned that the effort might not be enough, Facebook Inc (NASDAQ:FB), reportedly asked users outside India to back the initiative. Some users in the UK and the US received the request, which the company has since said was triggered by mistake.

Free Basics is at the center of a fierce storm from net neutrality advocates over allegations it offers preferential treatment to some content.

Apple Inc. (NASDAQ:AAPL) is crying foul over a published legislation in the UK which it says will give government agencies powers to snoop on citizens. If approved in the current state, the iPhone maker warns the Power Bill will drastically affect customer’s privacy and security. Published last month, the bill is currently being reviewed

Apple Inc. (NASDAQ:AAPL) has already expressed its concerns that the government could end up using the Power Bill to force it to weaken encryption on its products. Such a move could lead to backdoors making it easy for government agencies to gain access to customer’s crucial data on iPhones and iPads.

The US Patent and Trademark Office has granted Apple Inc. (NASDAQ:AAPL) a patent for a ceiling lighting system in use at the company’s next-generation stores. The patent details an indoor lighting installation made of wall-to-wall lighted ceiling panels and linear light troughs.

Apple proposes a design where the entire ceiling is turned into a huge diffused lighting apparatus. The innovative design also allows things like speaker’s cameras and hardware to be mounted behind ceiling panels, keeping them hidden from view. With the design, Apple Inc. (NASDAQ:AAPL) hopes to offer customers in stores a unique experience supplemented by flexible product display options.

Alphabet Inc (NASDAQ:GOOGL) and Ford Motor Company (NYSE:F) have inked a partnership as they move to work together in developing self-driving vehicles. The joint venture could be announced as early as next month at the Consumer Electronics Show in Las Vegas.

The deal is not exclusive meaning Alphabet Inc (NASDAQ:GOOGL) could go forth and ink a similar partnership with other automakers. Yahoo Autos reports that the joint venture would be considered as a separate entity from Ford to avert any liability concerns.

The partnership is expected to give Ford an edge on autonomous cars as it can now access invaluable manufacturing expertise on autonomous cars.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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