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Tech News Today for February 22, 2017

Tech News for Wednesday February 22, 2017

Verizon announced its plans to offer a limited pilot of its next generation 5G wireless service to 11 US markets sometime by mid-year. Verizon says this is the largest test of the new technology that promises speeds from 10 to 100 times faster than the fastest cell connections available now. The test will be deployed as a home internet solution as opposed to a mobile solution, at least initially. Read more at cnet.com.

Apple's new spaceship is officially set to land in April in Cupertino, arriving directly into the Santa Clara valley. It's not really a spaceship and it's not really landing, because we've watched it being built online and now it is almost done. Apple says the 175-acre campus houses 12,000 employees who will move in over the next six months as construction of the building and the surrounding area continues into the summer. The 1,000-seat auditorium with a 20-foot-tall glass cylinder, 165 feet in diameter, supporting a metallic carbon-fiber roof will be named after Steve Jobs, who would have turned 62 this Friday. Read more at apple.com.

Waze has been testing its carpool service in the Bay Area and Tel Aviv for a while now, and the company is ready to expand beyond those markets according to the Wall Street Journal. Sometime in the next few months, Waze Rider is expected to launch in several cities throughout the US. Waze Rider offers competitive rates when compared to services like Uber, primarily because the cost to riders is essentially a reimbursement for the mileage. Read more at wsj.com.

Around 3:30 a.m. eastern time this morning, SpaceX aborted its cargo delivery to the International Space station after the the navigation system detected an error in its GPS software. According to Space.com, the unmaned cargo ship was only about twelve hundred meters or a little more than seven-tenths of a mile from the ISS. SpaceX will try again tomorrow. Read more at spacex.com.

After a third quarter profit, Tesla reported a smaller than expected loss for its fourth quarter earnings at $0.69 cents per share compared to Wall Street's expectations of $1.04 cents per share. However, Tesla beat on revenues at $2.28 billion, up from $2.13 billion expected. Tesla stock has been on a roll, up 43 percent in the past three months and up 53.9 percent in the past twelve months. Read more at businessinsider.com.

Tech News Today with Megan Morrone and Jason Howell streams live weekdays at 4PM Pacific, 7PM Eastern at twit.tv/live. You can subscribe to the show and get it on-demand at twit.tv/tnt.

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