Tech Business Recap: AT&T Backs The Lumia 920, Facebook’s Billion Active Users
AT&T (NYSE:T) will announce its backing of Nokia Corporation’s (NYSE:NOK) flagship Lumia 920 phone Thursday, say sources to Bloomberg. In the meantime, the Windows Phone 8 received a disappointing response from investors when unveiled in September and is now expected to go on sale in early November while its steep unsubsidized pricing has caught attention. Sales of the Lumia 920 will be exclusive to AT&T although many thought that Verizon would also carry the product.
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Facebook (NASDAQ:FB) shares have traded up and down following Mark Zuckerberg’s announcement that the company now has more that 1 billion monthly active users, having closed its second quarter with a mere 955 million. Additionally, a fact sheet says that Facebook currently hosts 219 billion photos – up from 140 billion earlier in 2012 – and has played some 22 billion songs since Open Graph came onto the scene in 2011. Observers might wonder if Pandora Media (NYSE:P), which recently survived a class-action suit having to do with Facebook integration, feels threatened by the latter figure.
Google (NASDAQ:GOOG) currently predicts $340 million worth of third quarter restructuring charges linked to its endeavors to reduce the size of Motorola Mobility, a figure that is up from the previous estimate of $275 million. The company said in August that it would eliminate 20 percent of Motorola’s workforce but now indicates that it has widened its project to include additional areas overseas.
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