James Glover / Reuters
Elon Musk.
Good morning! This is the tech news you need to know this Friday.
- $4. The UK's digital minister, Margot James, suggested a new tech regulator could administer fines of up to 4% of companies' global revenue.
- $4$4. It is reported to be a "stablecoin" - meaning the value of the coin is pegged to the value of a traditional currency.
- $4. It's not clear how Tesla will achieve this e-tailing objective in the face of the resistance it has traditionally faced from franchised auto dealers in various US states.
- $4. US customers will reportedly be able to order the $35,000 model starting on Thursday and will receive the vehicles as soon as March.
- $4. The CEO of Huawei's consumer business, Richard Yu, told Business Insider that he personally had killed off the floated design.
- $4. Cuomo has reportedly been speaking to Amazon execs, including CEO Jeff Bezos, to try and get the company to change course.
- $4. Steve Wozniak said he's worried that Apple isn't a leader in the newly minted folding phone market.
- $4. He did add that the firm would be profitable by the second quarter.
- $4. The Telegraph reported that Peter O'Higgins resigned this week.
- $4. Both companies will offer programs that give their most active and dedicated drivers cash bonuses which can be used to buy company stock at the listing price.
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