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

Trendingnow

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

3

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

3

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
TechData Sheet

Data Sheet—How Huawei Got in Such a Tough Spot

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 19, 2018, 8:08 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.

The international trade incident involving Huawei has taken on comic book proportions. Says the West, led by the United States: Huawei, a tool of the Chinese government, poses an imminent cybersecurity threat. Says Huawei: We’re an employee-owned company and our technology is pretty darn good, by the way.

Each perspective contains kernels of truth that beg further questions. Read carefully and the reports from Western governments and their intelligence agencies tend to stress the threat of Huawei cyber-crimes rather than evidence of any actual crime. (Should Huawei Chief Financial Officer Meng Wanzhou be convicted, it will be for lying to a bank in the name of skirting U.S. sanctions on Iran, not for planting nefarious code in U.S. telecommunications networks.) As for Huawei, that it is employee owned feels irrelevant to the main charge it can’t disprove: All Chinese companies are in some sense in thrall to their government’s wishes.

Whatever the threat, Huawei has handled its side of the argument ineptly so far. As The Wall Street Journal recently explained, Huawei has blundered by poorly communicating its position.

Tuesday the Chinese company fired back at its critics. “When it comes to security allegations, it’s best to let the facts speak for themselves,” top executive Ken Hu said at a press conference in China. “And the fact is that Huawei’s record is clean.”

Clean, of course, is open to debate. The New York Times has published this piece about Huawei’s rule-breaking culture. Silicon Valley values rule breakers, of course. If Huawei took things too far, it has peaked at the wrong time.

Adam Lashinsky
@adamlashinsky
adam_lashinsky@fortune.com

NEWSWORTHY

It looks as if you’re reorganizing your records. Two updates to yesterday's essay about 5G, both with good news for we, Northeasterners. While I was on leave, I missed Sprint’s recent announcement of a 5G service using a “mobile smart hub” coming in the first half of 2019 to nine cities, including Chicago, New York, and Washington, D.C. And startup Starry, which uses 5G to connect buildings and provide non-mobile Internet service, wrote to say it's in business in Boston.

Is it, in fact, unfair to criticize a formerly great artist for his latter day sins? It appears that lightning did not strike twice for one of the great innovators of financial derivatives. Blythe Masters, who gets credit for inventing the credit default swap when she worked at J.P. Morgan Chase, is out as CEO of blockchain startup Digital Asset. The company said Masters was stepping down for personal reasons.

Did I listen to pop music because I was miserable? More bad news rolling in for Facebook this week, with yet another expose of the company's data sharing. Facebook gave major tech companies like Microsoft, Netflix, and Spotify "more intrusive access to users’ personal data than it has disclosed," the New York Times reports. Facebook said none of the deals violated users’ privacy or its 2011 agreement with the Federal Trade Commission.

Mostly young men who spend all their time looking for deleted Smith singles. After spurring a massive lawsuit between Uber and Google, autonomous vehicle expert Anthony Levandowski has a new startup. Called Pronto.ai, the new company is making a truck driver assistance device that will help with lane keeping, cruise control, and collision avoidance. Levandowski announced the startup with a video claiming he used the system to drive from San Francisco to New York. Meanwhile, Uber says that Pennsylvania is permitting it to restart self-driving car trials in Pittsburgh about nine months after they were halted due a pedestrian death in Arizona.

We’re no longer called Sonic Death Monkey. Does anyone else remember how the initial public offering of AT&T Wireless turned out for investors back in 2000? Spoiler alert: very poorly. I'm getting a strong feeling of deja vu over the massive IPO of SoftBank Group's Japanese telecom unit, confusingly known as SoftBank Corp. After raising $24 billion, mostly from regular mom and pop investors, SoftBank saw its share price drop almost 15% when trading started on Wednesday.

How can someone with no interest in music own a record store? Cable giant Charter Communications settled with New York's Attorney General over charges it failed to provide customers with promised Internet speeds. Charter will pay customers refunds totaling $62.5 million and hand out free services worth another $110 million.

(Headline reference explainer, via one of the great cult classic movies of all time.)

FOOD FOR THOUGHT

Apple is struggling to cope with the saturation of the global smartphone market and, as we noted on Monday, its shares are down almost 30% since peaking a few months ago. CEO Tim Cook obviously saw the iPhone sales plateau coming and had several strategies to keep growth on track. One—raising prices—has worked. But another has failed completely. Wall Street Journal reporters Newley Purnell and Tripp Mickle have taken a deep dive into why Cook's other big idea, selling more iPhones in India, flopped. One hurdle is price:

Apple is up against more daunting issues in India, which will have an estimated 39 million new smartphone owners this year, according to eMarketer. More than 75% of the smartphones sold in the country cost less than $250 and 95% cost less than $500, analysts estimate. Most sales come from local, unaffiliated shops in the countryside, where the majority of Indians live.

Among Apple’s current lineup, its lowest-priced phone in India is the iPhone 7, which typically costs around $550. Older models the company has phased out are still available in India at lower prices, including the iPhone SE for about $250.

IN CASE YOU MISSED IT

Blue Apron Is Now a Penny Stock After Falling 11% to Below $1 a Share By Kevin Kelleher

Nintendo Switch is Now America's Fastest-Selling Gaming Console By Emily Price

U.K. to Use Facial Recognition on Christmas Shoppers in London By Erik Sherman

Hackers Breach Dozens of Local Government Payment Portals to Steal Credit Card Data By Jeff John Roberts

Microsoft Has Been Quietly Hiding $10 Gift Cards in Its Email Blasts By Don Reisinger

Travel Essentials for the Business Globetrotter This Holiday Season By Rachel King

BEFORE YOU GO

Package theft is no laughing matter. And thieves who grab deliveries off people's front steps now may be ruining the holidays for the intended recipients. Former NASA engineer Mark Rober decided to strike back after one of his deliveries was nabbed. The resulting revenge video, posted on YouTube, is hilarious.

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

How Grab’s CTO sees the superapp’s push into physical AI and automated driving—and why he uses his competitors’ robots in the office
AITransportation
How Grab’s CTO sees the superapp’s push into physical AI and automated driving—and why he uses his competitors’ robots in the office
By Angelica AngMay 22, 2026
5 hours ago
Trump AI and crpto czar David Sacks sits next to Meta CEO Mark Zuckerberg at a dinner table in the White House as Zuckerberg turns to Sacks and says something.
AIAmerican Politics
Tech billionaires convinced Trump to back off an AI executive order. But much of MAGA favors AI regulation
By Jeremy KahnMay 22, 2026
5 hours ago
James Daunt sits in a booksop, gesturing with both hands and smiling.
AIbooks
Barnes & Noble CEO clarifies the bookseller’s stance on AI-written books after refusing to ban them: ‘This is a straightforward rejection of AI books’
By Sasha RogelbergMay 22, 2026
7 hours ago
A photo taken during the Maroon Bells bicycle ride during Fortune Brainstorm Tech 2019 in Aspen, Colorado. (Photo: Fortune)
InnovationBrainstorm Tech
Fortune Brainstorm Tech 2026 will be brilliant
By Andrew NuscaMay 22, 2026
8 hours ago
satya nadella
AITech
Microsoft reports are exposing AI’s real cost problem: Using the tech is more expensive than paying human employees
By Jake AngeloMay 22, 2026
9 hours ago
Sam Altman standing in a lift.
AIOpenAI
The big questions looming over OpenAI’s trillion-dollar IPO
By Beatrice NolanMay 22, 2026
9 hours ago

Most Popular

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
1 day ago
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
Success
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
By Preston ForeMay 20, 2026
2 days ago
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
3 days ago
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
Workplace Culture
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
By Sydney LakeMay 20, 2026
2 days ago
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
Success
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
By Emma BurleighMay 22, 2026
10 hours ago
McKinsey partner says up to 50% of work hours could be transformed within the next 5 years
AI
McKinsey partner says up to 50% of work hours could be transformed within the next 5 years
By Emma BurleighMay 21, 2026
1 day 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.