Apple In Race With Amazon To Become First $1 trillion company

Apple is on the verge of becoming the first $1 trillion publicly listed U.S. company, but even if it gets there, it could soon be overtaken as Amazon.com surges from behind.

Started in the garage of co-founder Steve Jobs in 1976, the iPhone maker’s annual revenue has ballooned to $229 billion, greater than the gross domestic product of countries including Portugal and New Zealand.

The Nigeria Communication Satellite Limited on Monday said that it was collaborating with China Great Wall Industry Cooperation (CGWIC) to launch two additional satellites. Mr Samson Osagie, the Executive Director, Marketing and Business Development of the organisation said this in on Monday that the satellites would be deployed in the next 36 months.

The European Union opened what it called an in-depth investigation into Apple’s proposed acquisition of London-based music identification service Shazam, E.U. regulators announced Monday. Regulators are concerned the acquisition could reduce choice for music streaming services, they said in a press release.

Facebook Reshuffles Management, Launches Blockchain Division

Facebook Inc Chief Executive Mark Zuckerberg on Tuesday ordered one of the biggest management shakeups in the history of the social network, giving more responsibility to his chief product officer and launching a blockchain division.

The shakeup appeared to consolidate power at the sprawling internet company, although it included no firings or outside hires and did not change the role of either Zuckerberg or Chief Operating Officer Sheryl Sandberg.

T-Mobile And Sprint Said To Be Close To A $26 Billion Merger

Sprint and T-Mobile are reportedly on the verge of finally agreeing on a merger, according to a report from CNBC, which claims that the two carriers are closing in on a $26 billion dollar deal as early as this Sunday.

The two companies have been rumoured to merge since 2014 when Sprint attempted to buy T-Mobile. Talks resumed again last year, before ending last November when T-Mobile and Sprint couldn’t find mutual ground. Earlier in April, though, The Wall Street Journal reported that the two companies were once again back at the negotiating table for the third time in four years, and if CNBC’s sources are correct, it seems that this time, the merger might finally be happening.

A cryptocurrency venture from three Princeton graduates has captured the attention of Silicon Valley. On Wednesday, the New Jersey-based cryptocurrency startup Basis announced it had raised $133 million in a round backed by venture capital firms including GV (formerly Google Ventures), Bain Capital, Lightspeed Venture Partners, Andreessen Horowitz, and Sky Capital.