Diamonds and Dogs

8/16/21

Sonos (SONO) sounds better. The wireless audio firm is up 4% after the U.S. International Trade Commission judged that Google infringed on patents held by the maker of wireless audio technology. The ITC ruling was issued late Friday, based on complaints Sonos filed in January 2020. SONO boasts a portfolio of over 2,149 utility and design patents, granting them one of the most valuable patent portfolios in consumer tech.

T-Mobile US (TMUS) gets hacked. The phone company's stock is down 3% on reports of a data breach that involves the personal data of 100 million users. T-Mobile said it was aware of the claims made by a hacker in a forum post and has been "actively investigating their validity. The first to report on the possible data breach came from an independent firm, Vice Media's Motherboard.

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