• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechData Sheet

Data Sheet—These Bleak Times for Global Tech Companies

By
Aaron Pressman
Aaron Pressman
and
Adam Lashinsky
Adam Lashinsky
Down Arrow Button Icon
By
Aaron Pressman
Aaron Pressman
and
Adam Lashinsky
Adam Lashinsky
Down Arrow Button Icon
December 13, 2018, 8:49 AM ET

This is the web version of Data Sheet, Fortune’s daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here.

Timing is everything in life.

Not quite two weeks ago Fortune hosted scores of Western executives in the southern Chinese megalopolis of Guangzhou. We had a splendid time: an open exchange of ideas, a vibrant discussion about the future of technology and U.S.-China relations, bonhomie all around. Participants at the Fortune Global Tech Forum focused on technological advancement and commerce. The thought of being arrested as pawns in an increasingly hot 21st century Cold War couldn’t have been further from our minds.

What a difference two weeks makes. With a senior Huawei executive out of jail on bail in Vancouver and one or possibly two Canadian citizens detained in China in what looks like a retaliatory move, the future for the global technology business looks bleaker than any time since the innocuous-by-comparison dot-com bust. As Clay mentioned here yesterday, western countries are already trying to freeze out Huawei from telecom networks.

What we used to call dot-coms or Internet companies have the least to worry about. China has prevented U.S. “Internet” concerns from operating at scale in China. Their counterparts have made big investments in the United States but otherwise haven’t made commercial inroads.

The story is moving so fast, which is jarring because the framework took so long to build. The China-focused global supply chains that prop up the U.S. hardware giants have been around for decades. A trade war—combined with an executive class terrified to board airplanes to China—could chip away at that framework quickly.

These are trying times.

Adam Lashinsky
@adamlashinsky
adam_lashinsky@fortune.com

NEWSWORTHY

Jobs for everyone. After a grueling public process involving bids from over 200 cities...oh, wait, no. Apple skipped all that hullabaloo generated by Amazon's HQ2 search and simply selected Austin, Texas, as the site of its new $1 billion major campus. "Talent, creativity, and tomorrow’s breakthrough ideas aren’t limited by region or zip code," CEO Tim Cook noted. The company also said it would expand hiring at other U.S. offices.

Collectively bargained jobs. Speaking of Amazon, a group of workers in the company's Staten Island, N.Y. fulfillment center on Wednesday said they planned to form a union. In a press conference, representatives from the Retail, Wholesale, and Department Store Union spoke about labor organizing at various Amazon locations. "We respect employees’ right to choose to join or not join a labor union," Amazon said.

Who gets the job? After complaining that the fix was in on the selection of a cloud services provider for a $10 billion, 10-year Pentagon contract, Oracle is putting its money where its mouth is. The company is suing to overturn the decision to grant the project, known as JEDI, to Amazon. IBM has also been protesting the selection.

Counting crocodiles. As podcasting continues to grow into a real business, advertisers are seeking better data. National Public Radio this week unveiled an open source system called "Remote Audio Data," or RAD, which any podcast can use to track how many people listen and how far into the show they listen. Information is anonymized, and podcast apps will have to build in support for the reporting system.

Look what you made me do. Combining two topics of great interest to Data Sheet readers, Rolling Stone has discovered that a photo kiosk at a Taylor Swift concert at the Rose Bowl in May was using facial recognition software to check fans' faces against a database of "known stalkers" of the singer.

Trust us. After surviving a grueling hearing on Capitol Hill, Google CEO Sundar Pichai spoke with reporters from the Washington Post, mostly about artificial intelligence. You may not be shocked to learn that he favors industry self-regulation of A.I. rather than new laws. "Regulating a technology in its early days is hard, but I do think companies should self-regulate," Pichai said. "This is why we've tried hard to articulate a set of A.I. principles. We may not have gotten everything right, but we thought it was important to start a conversation."

Featherweight. New laptops debut all the time, but I had to double check the specs on LG's latest 17-inch model because I couldn't believe my eyes. The $1,700 machine, which includes an 8th-gen Intel processor and a screen running at a native resolution of 2560 pixels by 1600 pixels, weighs less than three pounds. Now that's an ultralight.

FOOD FOR THOUGHT

After repeatedly being criticized for spreading dangerous misinformation, Facebook promised a crackdown. Part of the solution involved partnering with fact checking sites to flag false stories. But reporting by Sam Levin for The Guardian uncovered numerous stories of fact checkers being ignored and overlooked:

Current and former Facebook fact-checkers told the Guardian that the tech platform’s collaboration with outside reporters has produced minimal results and that they’ve lost trust in Facebook, which has repeatedly refused to release meaningful data about the impacts of their work. Some said Facebook’s hiring of a PR firm that used an antisemitic narrative to discredit critics—fueling the same kind of propaganda fact-checkers regularly debunk—should be a deal-breaker.

“They’ve essentially used us for crisis PR,” said Brooke Binkowski, former managing editor of Snopes, a fact-checking site that has partnered with Facebook for two years. “They’re not taking anything seriously. They are more interested in making themselves look good and passing the buck … They clearly don’t care.”

IN CASE YOU MISSED IT

Virgin Galactic's SpaceShipTwo Aiming for the Edge of Space By Grace Dobush

Go Smartphone-Free for a Year? Vitaminwater Is Betting $100,000 That You Can't By Emily Gillespie

Smartwatch Sales Could Get a Lift Next Year From an Unexpected Age Group By Aaron Pressman

Google Adds Option for Android Users to Donate to Charities Through Google Play Store, and Waives the 30% Fee By Kevin Kelleher

How Does Google Treat Its Temp Workers? A Google Doc Reveals All, Report Shows By Brittany Shoot

Apple Has Hired Nearly 50 Medical Doctors in Wellness Push By Don Reisinger

Holiday Gift Guide 2018: Luxury Lifestyle By Rachel King

BEFORE YOU GO

You missed out on buying Han Solo's blaster (it went for $550,000 in June), but you had your eyes set on Luke Skywalker's lightsaber? Sorry, the auction for the famed Star Wars movie prop has been cancelled after questions of authenticity were raised, including by actor Mark Hamill. Not legit it was, as Skywalker's little green friend might say.

This edition of Data Sheet was curated by Aaron Pressman. Find past issues, and sign up for other Fortune newsletters.

About the Authors
By Aaron Pressman
See full bioRight Arrow Button Icon
By Adam Lashinsky
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

Nvidia CEO Jensen Huang
Economyconstruction
Jensen Huang’s message to electricians and plumbers: ‘This is your time,’ as AI buildout leads to soaring demand for skilled trades
By Tristan BoveMay 11, 2026
1 hour ago
worker alone in empty office
Future of WorkTech
AI isn’t paying off in the way companies think. Layoffs driven by automation are failing to generate returns, study finds
By Jake AngeloMay 11, 2026
1 hour ago
The widow of a man killed in a Florida mass shooting is suing ChatGPT maker OpenAI, claiming it ‘knew this would happen’
LawOpenAI
The widow of a man killed in a Florida mass shooting is suing ChatGPT maker OpenAI, claiming it ‘knew this would happen’
By The Associated Press and Jeff MartinMay 11, 2026
3 hours ago
‘It’s here’: Google issues dire warning after catching hackers using AI to break into computers
AIGoogle
‘It’s here’: Google issues dire warning after catching hackers using AI to break into computers
By Matt O'Brien and The Associated PressMay 11, 2026
3 hours ago
drew
CommentaryDefense
I helped build the Pentagon’s AI transformation. Corporate America is making every mistake we almost made
By Drew CukorMay 11, 2026
4 hours ago
250
Commentary250 Years of Innovation
America’s true innovation advantage: we don’t just invent technologies — we reinvent how innovation works
By David H. HsuMay 11, 2026
4 hours ago

Most Popular

‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt
Economy
‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt
By Jacqueline MunisMay 10, 2026
1 day ago
OpenAI CEO Sam Altman says Gen Z and millennials are using ChatGPT like a 'life advisor'—but college students might be one step ahead
Tech
OpenAI CEO Sam Altman says Gen Z and millennials are using ChatGPT like a 'life advisor'—but college students might be one step ahead
By Sydney LakeMay 10, 2026
1 day ago
Red flag test: former CEO explains why he rejects job candidates who say they can start right away
Success
Red flag test: former CEO explains why he rejects job candidates who say they can start right away
By Orianna Rosa RoyleMay 9, 2026
2 days ago
'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
Future of Work
'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
By Jake AngeloMay 9, 2026
2 days ago
Trump thinks he's flying to Beijing with leverage. China spent 6 years making sure he doesn't have any
Commentary
Trump thinks he's flying to Beijing with leverage. China spent 6 years making sure he doesn't have any
By Steve H. HankeMay 10, 2026
1 day ago
Ted Cruz says the quiet part out loud: Trump accounts are Social Security personal accounts as GOP senator reveals 'dirty little secret'
Politics
Ted Cruz says the quiet part out loud: Trump accounts are Social Security personal accounts as GOP senator reveals 'dirty little secret'
By Jason MaMay 9, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.