#1 | A toxic chemical found in WeWork phone booths

WeWork warned tenants about increased levels of formaldehyde in phone booths in hundreds of its offices in the US and Canada. Formaldehyde is a toxic chemical used primarily as a sealing agent in wood products and people exposed to this substance can experience eye, nose, and throat irritation. The company is removing impacted booths and additional testing is to be carried out in multiple locations. WeWork acted after it received complaints of “odor and eye irritation.” This problem comes in the wake of a turbulent period during which the co-sharing workspace firm had to delay its IPO and Adam Neumann was forced to step down as CEO. Read more here: http://bit.ly/35FSXDG

 

 

#2 | LinkedIn jumps into real-life networking with the new Events feature

LinkedIn is launching a new feature called Events that’ll enable users to plan, announce, and invite people to meetups in the physical world. The Microsoft-owned social network believes that this is an untapped market opportunity and the feature will initially rely solely on organic reach and users won’t be able to promote the event. If proved successful, however, Events could provide LinkedIn with another revenue stream and position the platform as an Eventbrite competitor. And the launch of a service that links online networking and physical networking seems like a logical step and the way for the company to help people make better connections. Read more here: https://tcrn.ch/2OX4Y1M

 

 

#3 | The UK’s antitrust regulator prevents Salesforce and Tableau from integrating

The UK’s Competition & Markets Authority (CMA) has ordered Salesforce and Tableau to keep their operations separate as it examines the extent to which the merger will reduce competition. Two companies are now unable to share confidential financial information, jointly pursue customers, or exchange executives. Any of these and many other operations have to be first approved by CMA. The deadline for the regulatory decision is November 29, although it can be delayed further. And this is proving to be quite a problem for companies that already technically completed the acquisition and whose customers would like clarity on what the merger means for existing products and technologies. Read more here: http://bit.ly/2oPzdgl

 

 

#4 | Uber and Lyft skip testifying before Congress

Uber and Lyft didn’t appear at a U.S. House of Representative hearing that was supposed to discuss various problems related to the ride-hailing industry. The hearing is part of a House Transportation and Infrastructure Committee inquiry into labor practices and is a part of broader efforts of preparing legislation that will greatly impact the industry. U.S. Representative Peter DeFazio, a Democrat, criticized both companies, adding that they drive down wages and don’t explain publicly how they deal with dangerous drivers. Also, he pointed out at huge losses incurred by ride-hailing corporations as they went public, arguing that “this business model is not sustainable.”Read more here: https://reut.rs/33IyQTM

 

 

#5 | Germany won’t ban Huawei from its 5G networks

Germany will allow Huawei to take part in building the national 5G network, defying pressure from Washington that considers the company as a national security threat. The US argues that Huawei might enable Chinese espionage and countries like Australia and New Zealand have banned the company from entering their domestic networks. Other European countries are yet to take a firm stance. France and the UK, for example, still ponder on whether to follow the US lead on this issue. Huawei is denying its equipment provides China with back door access. And the company is enjoying rapid growth having signed more than 60 commercial 5G contracts with global carriers. Also, its revenue for the first three quarters of 2019 was $86 billion, a 24 percent year-on-year rise. Read more here: https://cnb.cx/2pp5bzX

 

 

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