💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Senator asks Alphabet, Twitter about Chinese vendor relationships

Published 06/07/2018, 03:11 PM
© Reuters.  Senator asks Alphabet, Twitter about Chinese vendor relationships
GOOGL
-
0763
-
META
-
TWTR
-
GOOG
-
  • Democratic Senator Mark Warner says in a statement that he wrote letters to Alphabet (GOOG -1.2%)(GOOGL -1.2%) and Twitter (TWTR -1.2%) requesting more information on data sharing agreements with Chinese vendors.
  • Warner, vice chair of the Intelligence Committee, says that since 2012 “the relationship between the Chinese Communist Party and equipment makers like Huawei and ZTE (HK:0763) has been an area of national security concern.”
  • Warner asked Alphabet CEO Larry Page if the company has “third party partnerships” with ZTE, Lenovo, or TCL and whether it conducted audits to ensure the proper treatment of consumer data.
  • Twitter CEO Jack Dorsey was asked about relationships with Huawei and the ones Alphabet was asked about.
  • Alphabet has previously disclosed strategic partnerships with mobile device makers including Huawei and Xiaomi and with tech platform Tencent.
  • Facebook (NASDAQ:FB) admitted on Tuesday that it had a data sharing agreement with at least four Chinese vendors but said it would end the deal with Huawei by week’s end.
  • Previously: WSJ: Congress doesn't like Google's relationship with Huawei (June 7)
  • Now read: The Diminutive Billion Buyback


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.