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Good morning! This is the tech news you need to know this Thursday.
Federal prosecutors are investigating the Chinese electronics giant Huawei for allegedly stealing trade secrets from US companies. One such incident includes Huawei supposedly stealing robotic technology that T-Mobile uses to test its smartphones, according to the report.
WeWork - CEO - Adam - Neumann - Millions
WeWork CEO Adam Neumann reportedly made millions of dollars by renting office space in buildings that he partially owns to his company, according to a Wall Street Journal report on Wednesday. In a filing for prospective investors last year, WeWork reportedly disclosed that it paid $12 million in rent between 2016 and 2017 to buildings "partially owned by officers" of WeWork.
Lime is reportedly set for a $2 billion valuation after taking $400 million in new funding mostly from its existing investors. According to Recode, Lime has been circulating documents gauging interest in the new round.
Apple - Hiring - Divisions - Company - Plans
Apple will cut back on hiring for certain divisions as the company re-adjusts its plans in the face of slowing iPhone sales, according to a Bloomberg report on Wednesday. CEO Tim Cook told employees during a meeting earlier this month that Apple would reduce hiring for certain unspecified groups, but said the company would not impose a hiring freeze.
Niantic, the developer of "Pokémon Go", announced that it's raised $245 million in a deal valuing it at "almost $4 billion." CEO John...
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