Huawei Shelves Its New Laptop as the Company’s Downfall Continues

  • Alex Dovbnya
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    Huawei fails to expand its tiny laptop business after its forced exodus from the American market
     


Huawei Shelves Its New Laptop as the Company’s Downfall Continues
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Huawei, the Chinese tech behemoth that has been recently blackballed by the US government, has canceled the launch of its laptop, CNBC reports. The company claimed it that pulled the plug on its new product due to its inability to work with American suppliers, such as Microsoft and Intel.

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No announcement

Before Huawei ended up on the US Entity List, it was supposed to announce the new addition to its MateBook lineup during the CES Asia 2019 even that kicked off in Shanghai on June 11. Now that the laptop’s launch has been indefinitely postponed, any details about its technical characteristics are unlikely to be revealed anytime soon.

Huawei’s Richard Yu claims that the situation is “unfortunate.” According to Yu, the shelved product won’t see the light as long as Huawei remains blacklisted.

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Murdering Huawei    

MateBook 14 and MateBook Pro, the two already announced Huawei laptops, are yet to be shipped. These are just a few products that are currently at risk during the tech cold war between China and the US.

Major US companies, such as Microsoft, Intel, and Nvidia, are now prohibited from conducting business with Huawei by the US government. President Donald Trump has imposed a ban on the Chinese telecom juggernaut due to spying allegations.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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Wall Street Is Extremely Bullish on Facebook’s Cryptocurrency  


Wall Street Is Extremely Bullish on Facebook’s Cryptocurrency  
Contents

Social media juggernaut Facebook is about to launch its Libra cryptocurrency, which, as expected, is currently on everyone’s lips.

According to a recent CNBC report, financial analysts appear to be on the same page when it comes to bullish Facebook predictions.   

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The talk of the town

There is a schism in the cryptocurrency community concerning Facebook’s foray into crypto. While some think that Facebook undermines Satoshi Nakamoto’s vision of a decentralized cryptocurrency, prominent influencers, including Mike Novogratz and Anthony Pompliano, look at the bright side.

On the flip side, major Wall Street players seem to agree that Facebook’s stock will see plenty of love once the company unveils its much-talked-about crypto project.

SunTrust, MoffettNathanson, Bank of America stick with a “buy” rating on Facebook.

MoffettNathanson goes as far as claiming that the Mark Zuckerberg-led company aims to become the biggest e-commerce platform on the planet.

We believe a Facebook cryptocurrency-based payments system could be especially useful in countries with high inflation/unstable banking systems and for cross-country remittances. So, Facebook’s commerce ambitions do not appear to be limited to developed markets. Rather, Facebook has its eyes set on becoming the world’s leading ecommerce platform as well.”

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Not the right company?  

As reported by U.Today, Facebook joined forces with VISA, Paypal, and a slew of other startups that became part of the Libra consortium for a whopping $10 mln fee.

The company itself remains radio silent about its crypto ambitions, but there have been countless reports on that topic since December.

We are about to see a fiat-pegged stablecoin that will be integrated into Facebook, Instagram, and WhatsApp.

After being plagued with huge data scandals, Facebook will probably have a hard time convincing regulators to green-light its new cryptocurrency. Hence, it might be a promising idea, but not the right company to pull it off.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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