LinkedIn revenue triumphs and other tech news you missed this week
Catch up quick: LinkedIn expects media business to bring in $2 billion in 2018; China’s networking-equipment manufacturing threatens 5G wireless infrastructure; Spotify launches in 13 new markets in the Middle East and North Africa; the global market for refurbished phones grew 10% in Q2; and veterans with disabilities find work training AI.
- Why it matters: LinkedIn has been hesitant to reveal specific revenue numbers around its media efforts since it was acquired by Microsoft in 2016, but is doing so now to highlight the growth of its ad business, which can be in part attributed to user engagement. — Sara Fischer
Report: China’s networking-equipment manufacturing threatens 5G wireless infrastructure (The Wall Street Journal)
- Why it matters: As China's dominance continues over manufacturing networking equipment, a new report says 5G infrastructure is at risk of security vulnerabilities. Chipmaker Qualcomm is the biggest American player in the underlying 5G technology, while network equipment made by Chinese giants Huawei and ZTE is much more common.
- Why it matters: As Spotify's subscription base in the U.S. is on its way to saturation, the music streaming service is expanding to 13 new markets, with a fully Arabic user experience and locally curated playlists and international music. The new markets are: United Arab Emirates, Saudi Arabia, Kuwait, Oman, Qatar, Bahrain, Algeria, Morocco, Tunisia, Jordan, Lebanon, Palestinian territories and Egypt.
- Why it matters: It's a tough one-two punch for the smartphone industry, which is dealing with slowing growth after a decade of massive expansion, writes Axios's Ina Fried. In related news, Amazon announced last week it's kicking Apple refurbishers and secondhand sellers' products off the site after Jan. 4.
- Why it matters: Physical disabilities or a mental health condition like PTSD can make it difficult for a veteran to work in a traditional office or work site. But data labeling can be done on a computer from home. — Kaveh Waddell