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Starlink Reports Outage Following T-Mobile Satellite Service Launch

Starlink Reports Outage Following T-Mobile Satellite Service Launch

Yahoo5 days ago
Starlink, the satellite internet division of SpaceX, reported a major service disruption Thursday, drawing more than 60,000 complaints on Downdetector just a day after T-Mobile (TMUS, Financials) launched its direct-to-phone satellite service using Starlink technology.
Warning! GuruFocus has detected 4 Warning Sign with TMUS.
Starlink acknowledged the network outage and said it was working on a resolution. Elon Musk, who runs both Starlink and SpaceX, posted on X that the issue would be resolved shortly and that the service's user base was growing fast.
The outage raised concerns due to its timing coming less than 24 hours after T-Mobile debuted its T-Satellite offering, which uses Starlink's infrastructure to keep mobile users connected in remote areas without traditional cell towers. CNBC reported it was unclear whether T-Satellite was directly affected by the incident.
The outage also adds to a string of technical issues across Musk's companies. His social media platform X has faced multiple service disruptions in recent months. Earlier this year, Musk admitted major operational improvements need to be made after a widespread X outage.
This article first appeared on GuruFocus.
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Cogeco enters wireless market as mobile service launches in Quebec, Ontario
Cogeco enters wireless market as mobile service launches in Quebec, Ontario

Yahoo

time15 minutes ago

  • Yahoo

Cogeco enters wireless market as mobile service launches in Quebec, Ontario

Cogeco Communications Inc. formally launched mobile service in parts of Ontario and Quebec on Wednesday, making it the latest entrant in Canada's wireless market. For years, Cogeco has offered internet, video and wireline phone services across Canada and some U.S. states., with a current total of 1.6 million residential and business subscribers. 'For almost 70 years, Cogeco has been deeply rooted in regional markets. The launch of Cogeco Mobile is not just a new chapter, it's a bold declaration of our unwavering commitment to be a competitive force in Canada,' chief executive Frédéric Perron said in a press release. The expansion into wireless puts it head-to-head with telecom giants Rogers Communications Inc., BCE Inc. and Telus Communications Inc. The initial roll out will be available to new and existing Cogeco internet subscribers who have their own devices in 13 markets in the two provinces: Alma, Magog, Rimouski, Saint-Georges, Saint-Hyacinthe, Saint-Sauveur, Sept-Îles and Trois-Rivières in Quebec and Brockville, Chatham, Cobourg, Cornwall and Welland in Ontario. Its introductory plans come with rollover data, no commitments, no activation fees and no overages, the company said. Cogeco first announced the Canadian launch during its third quarter earnings release on July 15. In a note, National Bank analyst Adam Shine said Cogeco has been exploring wireless on both sides of the border with the spring launch of Breezeline Mobile in the U.S. as a defensive move to bundle with internet and reduce churn in its cable business. Breezeline, the eighth-largest cable operator in the United States, provides internet, video and telephony services in 13 states. The Massachusetts-based subsidiary launched mobile phone service on May 2024 as a pay-as-you-go service with no term contracts or cancellation fees. The telco is leveraging a seven-year mobile virtual network operator (MVNO) regime that launched last year, he said. That policy by the Canadian Radio-television and Telecommunications Commission required incumbent telecoms Rogers, Bell, Telus and Saskatchewan Telecommunications to provide regional wireless carriers with access to their networks for a period of seven years. Cogeco's mobility launch is being carried on TELUS's wholesale wireless network. 'In honouring our regulatory obligations, TELUS is enabling Cogeco's wireless launch by providing wholesale access to our award-winning broadband wireless network,' TELUS chief executive Darren Entwistle said in a press release last week. Rogers raises revenue outlook to reflect MLSE majority stake Why BCE Inc. was forced to cut its dividend and what it means for investors 'We'll now wait to see how existing wireless operators in Canada react to (Cogeco's) arrival on the scene with its introductory offers just as back-to-school gets going and incumbents talk about more discipline,' Shine wrote. • Email: dpaglinawan@ Sign in to access your portfolio

Figma's Billion-Dollar Payday: Dylan Field's Elon-Style Deal Could Mint Tech's Next Mega Fortune
Figma's Billion-Dollar Payday: Dylan Field's Elon-Style Deal Could Mint Tech's Next Mega Fortune

Yahoo

time20 minutes ago

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Figma's Billion-Dollar Payday: Dylan Field's Elon-Style Deal Could Mint Tech's Next Mega Fortune

Figma is about to test the public marketsand investor appetite is already off the charts. The design software company's IPO has reportedly drawn demand nearly 40 times greater than the shares on offer. At the low end of its pricing range$30 per shareco-founder Dylan Field's 11% stake could be worth $1.6 billion. He also controls voting rights over another 27 million shares tied to co-founder Evan Wallace. But Field's potential upside doesn't stop there. His new 2025 compensation plan mimics the structure of Elon Musk's headline-grabbing Tesla (NASDAQ:TSLA) package, and it could unlock an additional $1.9 billionif certain ambitious targets are met. Warning! GuruFocus has detected 5 Warning Signs with NVDA. The package includes 14.5 million performance-based shares split into seven tranches. The first kicks in once Figma's 60-day average share price exceeds $60, with the full payout arriving only if shares reach $130. The vesting, however, is staggered across seven years. Field also received a separate 14.5 million shares under a more conventional time-based structure that ramps up over five years. This kind of moon-shot structure has gained popularity in Silicon Valley as a way to link extraordinary compensation with equally extraordinary outcomes. Similar plans have been adopted by CEOs at DoorDash (NASDAQ:DASH), Broadcom (NASDAQ:AVGO), and Axonwhere founder Rick Smith hit every milestone in five years and built a $2.5 billion fortune in the process. That said, Field is already on track for a meaningful payday. A 2021 award granted him 22.5 million shares, and he's expected to vest the remaining 7.9 million service-based shares at the IPO, valued at over $230 million before taxes. A further 11.25 million market-based shares could come into play if Figma hits valuation thresholds of $15 billion, $20 billion, and $25 billion. Bloomberg Intelligence estimates Figma's post-IPO valuation could fall between $19.1 billion and $23.2 billion, depending on revenue momentum. The company recently raised prices and, if post-IPO growth accelerates, it could be generating $1.6 billion in revenue by 2026. That would put Field's net worth back in the $2 billion range he nearly reached when Adobe's $20 billion acquisition was still on the table. This article first appeared on GuruFocus. Sign in to access your portfolio

‘Freeze by default' can help fight credit fraud
‘Freeze by default' can help fight credit fraud

The Hill

timean hour ago

  • The Hill

‘Freeze by default' can help fight credit fraud

Every year, millions of Americans become victims of credit fraud. Most victims don't know their identity has likely already been compromised. Identity fraud cost Americans more than $42.9 billion in 2023 and affected more than 15 million people. These aren't isolated incidents. They reflect a serious security issue: a credit reporting infrastructure built for a different era, operating on outdated identity verification and an open-by-default trust model. At the center of this crisis is the Social Security number, still the primary credential used to apply for credit. But it has been compromised beyond repair. Originally designed for Social Security benefits, not identity verification, the number is now the key to our financial world, despite being widely leaked online and nearly impossible to change. In just the first half of 2023, 69 percent of U.S. data breaches exposed Social Security numbers, according to Security Magazine. A massive 2024 breach of the company National Public Data leaked nearly 272 million unique Social Security numbers, which are now widely available on criminal marketplaces. AT&T disclosed a separate breach that exposed 44 million of them. This means credit bureaus are frequently verifying applicants using data already possessed by criminals. Beyond stealing identities, fraudsters are now fabricating entirely new ones. ' Synthetic identity fraud,' which combines real and fake personal data to create convincing false identities, has surged in recent years. And thanks to generative AI, crafting synthetic identities that evade detection is easier than ever. With all this, consumers have little knowledge of or control over what information credit reporting agencies collect about them. Laws like the Fair Credit Reporting Act and the Fair and Accurate Credit Transactions Act allow consumers to check and freeze their credit, but do not require credit reporting agencies to freeze by default. Consumers bear the burden of manually freezing and unfreezing their credit with each of the three major credit reporting agencies, a cumbersome process with a steep learning curve. Many people, especially seniors or those unfamiliar with how to manage their records with credit reporting agencies, don't know how to protect their identities. The alternative is paying a third-party service to manage it for them. All of this puts the burden of identity security on the shoulders of those least capable of managing it. There's a better way: a 'frozen by default' model for consumer credit reports. This concept, rooted in 'zero trust' cybersecurity principles, flips the model. Instead of trusting by default, it locks credit reports unless the consumer explicitly authorizes access. Two main policy frameworks have been proposed by data security and privacy professionals that would remove most of the burden from consumers. First is tokenized pre-authorization. Under this system, consumers generate a one-time-use code to authorize a specific lender or other business to pull their credit. This token would allow only the authorized company to pull credit and would expire after a set amount of time. It is simple, secure and trackable. Second, real-time inquiry notifications. When a credit pull is attempted, consumers receive an email or text alert prompting them to approve or deny access instantly. While real-time approval offers maximum control, it comes with challenges such as missed alerts, spoofing, communication expenses and accessibility barriers. Tokenized authorization, in contrast, offers strong protection with better usability and is easier to scale. A modernized system would apply default credit freezes to all consumer credit files. It would also require multifactor authentication on credit reporting sites for any consumer login, dispute or unfreeze action. Each hard credit inquiry would require explicit consumer authorization. And consumers should receive timely notifications whenever their credit report is accessed. Some in the credit reporting industry will resist these reforms, fearing disruption to revenue models built on passive data sales. Reasonable exceptions can be made for soft inquiries used for marketing or monitoring. But hard inquiries, which can be used to establish new credit, should be frozen by default. Credit fraud is on the rise, and ignoring this growing threat is not sustainable. In 2023 alone, the FTC logged 5.4 million identity theft reports. Elder fraud complaints rose 14 percent and reached $3.4 billion, up from $2.9 billion in 2022 and $1.7 billion in 2021, a troubling trend. Seniors over 60 accounted for 58 percent of losses. These are people toward the end of their careers, and many have retired on a fixed income. They can't recover from major financial loss. Congress can act by updating our credit reporting laws with new 'frozen by default' regulations. The Consumer Financial Protection Bureau and Federal Trade Commission already hold partial authority and should strengthen oversight. These agencies should not be weakened. States like California and New York can also lead the way with pilot programs. America's credit system was built for a world where personal data was scarce and hard to steal. That world no longer exists. A zero-trust, freeze-by-default framework would go a long way toward protecting those who cannot protect themselves from becoming victims of credit or identity fraud. Daniel Hoffman is a cybersecurity consultant and Certified Information Systems Security Professional with over 20 years of experience information technology and data security.

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