Technology

CIA warns Britain over Huawei spying

Huawei logo on a phone screen in front of the Chinese flag
Photo: Budrul Chukrut/SOPA Images/LightRocket via Getty Images

The CIA is warning Britain for its use of Huawei's technology to develop a 5G network after it was found that the Chinese telecoms company accepted money from varying branches of Beijing's state intelligence network, reports The Times.

Why this matters: This allegation directly links the world's largest telecoms equipment manufacturer to the Chinese state, per The Times. Huawei has previously denied that the company spies for China, but Chinese law forces companies to work with the security branches.

Go deeper: U.K. oversight board slams Huawei's "cybersecurity competence"

Tech companies are having a quiet stock bonanza

Zoom IPO on NASDAQ

Consumer-focused businesses (Pinterest) have more cachet, but tech startups (Zoom) that cater to companies are the hotter stock offerings, The Wall Street Journal's Rolfe Winkler writes.

What's new: "50 U.S. business-software companies have gone public since 2016, including Twilio Inc., MongoDB Inc. and Zscaler Inc. That compares with 13 consumer-technology companies, such as Dropbox Inc. and Snap," the WSJ reports.