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Omicron worry: T-Mobile (TMUS), other tech giants, pull out of CES 2022

By William Hoffman

15:55, 22 December 2021

Visitors at a previous CES event
CES 2022 is set to kick off in January – Credit: CES

The Consumer Electronics Show is on thin ice as speakers and vendors pull out of the world’s biggest tech event due to the impact of the Omicron variant on Covid cases in the US.

T-Mobile (TMUS) CEO Mike Sievert – who was set to be a featured speaker at the event – said he is pulling out of CES 2022 and that the vast majority of T-Mobile’s team will no longer travel to the conference, according to a statement released on Tuesday.

Amazon, Meta (Facebook), Twitter, Pinterest and iHeartRadio are also pulling out of the event, according to company statements and media reports.

“While we are confident that CES organisers are taking exhaustive measures to protect in-person attendees, and we had many preventative practices in place as well, we are prioritising the safety of our team and other attendees with this decision,” T-Mobile said in the statement.

“T-Mobile will continue to serve as a CES sponsor and title sponsor of the DRL Championship Race but the vast majority of our team will not be travelling to Las Vegas.”

The stock prices of the companies that have pulled out are not particularly down beyond the general volatility already present in the market due to the virus.

New precautions in place

CES is set to take place in Las Vegas during the first week of the new year. Organisers have scaled back from their regular gathering of close to 200,000 attendees and are now expecting some 50,000–70,000 attendees.

In January 2021 CES went fully online with virtual keynote speeches and demonstrations.


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-1.610% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 0.16


124.23 Price
+0.840% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 0.14


117.65 Price
-1.510% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 0.07


213.73 Price
+2.630% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 0.29

Each attendee is required to be fully vaccinated, test negative within 24-hours of arriving at the gate and will receive rapid at-home tests upon arrival to use throughout the event, according to the trade organisation running the event, the Consumer Technology Association.

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Featured speakers

Other featured speakers at CES include Salesforce CEO Sarah Franklin, McDonald’s chief marketing officer Tariq Hassan and Target’s chief marketing and digital officer Cara Sylvester.

General Motors chair and CEO Mary Barra is expected to give a high-profile speech that includes the first peek at the American automaker’s all-electric Chevy Silverado EV pick-up truck.

AMD and Samsung are still planning a limited presence, Nvidia will have a virtual-only keynote, and Qualcomm, OnePlus and HTC still plan to attend, according to a report from Bloomberg.

Sony, Samsung and Google are all listed as “monitoring local conditions”, even though Google is already on the ground setting up, according to Jean Foster, senior vice-president of marketing and communications at the CTA, speaking to Adweek.

Media companies including The Verge, CNET, Engadget, TechCrunch, TechRadar and Tom’s Guide have said they are pulling on-the-ground coverage of the event.

Read more: GM seeks to double revenue with new EVs, software

Markets in this article

124.23 USD
1.03 +0.840%
Meta Platforms Inc.
272.52 USD
-0.35 -0.130%
129.05 USD
-9.93 -7.150%
129.05 USD
-9.93 -7.150%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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