Communication Services Companies Extend Gains — Communications Services Roundup

Communications services shares rise for the tenth consecutive session, the longest streak since 2021.

A German court ruled that Amazon. com is using Nokia's patented technology without a license, the Finnish telecommunications equipment vendor said Friday.

Nokia launched legal action against Amazon in October last year, claiming the unauthorized use of its video-related technologies in streaming services and devices.

The legal action related to Amazon Prime Video and Amazon's streaming devices, which Nokia said infringed a mix of its multimedia patents covering technologies including video compression, content delivery, content recommendation and aspects related to hardware.

Shares of Trump Media & Technology, which operates the Truth Social platform, fell as Donald Trump, the largest holder of stock and other insider investors in the company as of Friday can sell shares as the lockup period expires. Trump has said he doesn't plan to sell any stock.

Write to Patrick Sullivan at patrick.sullivan@wsj.com

(END) Dow Jones Newswires

September 20, 2024 17:14 ET (21:14 GMT)

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