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Apple CEO Tim Cook hits billionaire status

Apple chief executive Tim Cook has joined the billionaire's club, according to analysis by Bloomberg. Cook's net worth reflects a mix of the salary he's earned at Apple, the number of shares he holds in the firm, and the proceeds from his share sales, per Bloomberg. Apple's market capitalization is hovering around $2 trillion. Unlike several other big tech CEOs, Cook is not a founder-CEO, so his net worth is considerably lower than some of his peers. Visit Business Insider's homepage for more ...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Cook, Microsoft, Satya Nadella, US, Trends, Bloomberg, Bill Gates, Tim Cook, SEC, Jeff Bezos, Sundar Pichai


Tim Cook Hits Billionaire Status With Apple Nearing $2 Trillion

Apple CEO Tim Cook's personal net worth has recently crossed the $1 billion mark as the company nears a $2 trillion market value, reports Bloomberg. From the report: It was valued at about $350 billion when Jobs died. Cook, meantime, has joined one of the most elite clubs for CEOs who didn't actually found the companies they run: his net worth has eclipsed $1 billion, according to calculations by the Bloomberg Billionaires Index. Cook's net worth estimate is based on an analysis of regulatory fi...
Tags: Apple, Cook, Tech, Bloomberg, Tim Cook, Bloomberg Billionaires Index Cook


How old 14 of the world's richest people were when they first became billionaires

Not all billionaires join the three comma club at the same age. Bill Gates may be richer than Mark Zuckerberg, but the Facebook CEO became a billionaire when he was nearly a decade younger. Oprah Winfrey became a billionaire at age 49. Visit Business Insider's homepage for more stories. When Bill Gates became a billionaire in 1987 at 31, he was the youngest person to ever join the three comma club. In 2008, Mark Zuckerberg took that title when he reached billionaire status at 23.  But not all...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, Spacex, Microsoft, Ebay, Disney, Dallas Mavericks, America, Trends, Tesla, Bloomberg, Paypal, Snapchat, Larry Page


Apple CEO Tim Cook's Net Worth Exceeds $1 Billion as Apple's Stock Soars

Apple CEO Tim Cook's net worth has climbed to over $1 billion, according to calculations by Bloomberg's Billionaires Index. At a net worth of $1 billion, Cook doesn't rank on the chart of the world's 500 richest people, a list topped by Amazon CEO Jeff Bezos and former Microsoft CEO Bill Gates. According to Bloomberg, Cook's net worth was calculated using regulatory filings and market performance. When former Apple CEO Steve Jobs died in 2011, Apple was valued at approximately $350 billion, ...
Tags: Apple, Amazon, Cook, Microsoft, Steve Jobs, Bloomberg, Tim Cook, Jeff Bezos, Bloomberg Cook


The Station: Uber eats rides, the next micromobility trend, Levandowksi’s day in court

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. A series of recent and upcoming vehicle reveals have provided yet another reminder of how automakers are doubling down on tech. This isn’t just about the shift away from knobs and buttons and to...
Tags: Google, Lyft, Uber, Europe, California, Washington, China, New York City, Los Angeles, Tech, Tesla, Bloomberg, Automotive, United States, Ford, Electric Vehicles


ByteDance valuation under huge pressure as TikTok sale nears

As it reached an estimated valuation of $100 billion this year, TikTok’s parent company ByteDance solidified its status as the most valuable startup in private markets. Its success outside China has also become a source of envy and inspiration among its local peers. Now, the company’s price tag is under tremendous pressure as it’s set to shed its priced asset TikTok, several investors told TechCrunch. ByteDance last year generated 120 billion yuan ($17.2 billion) in revenue, said an invest...
Tags: Asia, China, India, Tech, Bloomberg, Tencent, Weibo, Reuters, Toutiao, Kuaishou, Zhang Yiming, Bytedance, Douyin, Tiktok, TechCrunch ByteDance, TikTok Douyin


Some Cities are Combining Basic Incomes with Local Currenices

Bloomberg looks at some interesting local currency programs that have been implemented around the world. And in at least one case money "is literally being made from trees" — the wooden dollars being printed in a small city in the northwest U.S. and distributed to the needy in monthly stipends. "We preach localism and investing in our local community," says mayor Wayne Fournier, "and the idea with this scheme is that we'll stand together as a community and provide relief to individuals that ne...
Tags: England, California, Montana, Tech, Bloomberg, Arizona, Brazil, Rio De Janeiro, Hull, Marić, Tenino, Wayne Fournier, Mumbuca, Eduardo Diniz, Paulo School of Business Administration


Penguin Poop Seen From Space Leads To Discovery of New Colonies

Satellite-mapping technology "that detects stains on the ice from penguin droppings" has revealed there are more Emperor colonies than previously known in fast-warming Antarctica, reports Bloomberg: Eleven new colonies of the species were found, taking the census to 61 across the polar continent, according to a study by scientists at the British Antarctic Survey published Wednesday. The scientists used images from Europe's Copernicus Sentinel-2 mission to locate the flightless birds. "This is an...
Tags: Europe, Tech, Bloomberg, Antarctica, Bas, British Antarctic Survey, Phil Trathan, Peter Fretwell


Now is the worst time to buy a new Apple Watch (AAPL)

  Apple is probably on the verge of releasing a new Apple Watch, which means it's best to hold off on buying a new one right now. Even if you're not interested in the next model, expected to be called the Apple Watch Series 6, Apple usually discounts older versions after launching its newest watch. The next model is expected to come with more sleep-tracking features, better water resistance, and the ability to measure blood oxygen levels.  Visit Business Insider's homepage for more stories an...
Tags: Apple, Trends, Bloomberg, Apple Watch, Apple Watch AAPL, TF International Securities, Ming Chi Kuo You


Trump Blew Up More Than Just TikTok and WeChat

An anonymous reader quotes a report from Bloomberg: U.S. President Donald Trump's decision to ban dealings with ByteDance, owner of video-sharing sensation TikTok, appears to codify what his administration has already been warning. A second edict targeting messaging app WeChat and its parent, Tencent, seems weirdly overdue. The executive orders issued by the White House go beyond stopping average Americans from becoming unwitting spies for the Communist Party through their postings and data. The...
Tags: Apple, Google, White House, China, Tech, Bloomberg, Beijing, Tencent, Donald Trump, Trump, Communist Party, Tiktok


President Trump is trying to ban WeChat, the wildly popular messaging app that people in China can't live without. Here's everything to know about the app.

President Trump has issued a new executive order targeting WeChat, the widely-used messaging app that drives daily life in China. The order, citing security concerns, would go into effect in 45 days. WeChat is the cornerstone of daily interactions and transactions in China, as it's used for everything from mobile payments to ride-hailing and playing games. But reports have also uncovered how the app has been used to censor and surveil people both inside and outside of China.  Visit Business In...
Tags: Apple, Facebook, Hong Kong, China, US, Toronto, Trends, Bloomberg, Bbc, United States, Tencent, Chinese communist party, Wall Street Journal, Trump, Tiananmen Square, United States Trump


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Friday. Sign up here to get this email in your inbox every morning. Trump issued two executive orders aimed at Chinese-owned apps, barring US companies from doing business with TikTok parent company ByteDance and messaging app WeChat. The order, which is set to go into effect in 45 days, claims TikTok "continues to threaten the national security, foreign policy, and economy of the United States." Mark Zuckerberg tells Facebook employees...
Tags: Apple, Google, Facebook, Mark Zuckerberg, UK, Microsoft, China, US, Trends, Bloomberg, United States, Ireland, Bill Gates, Jeff Bezos, Alexa, Pixel


Facebook CEO Mark Zuckerberg's net worth just ballooned above $100 billion for the first time ever

Facebook CEO Mark Zuckerberg's net worth just passed the $100 billion mark. Zuckerberg, Amazon CEO Jeff Bezos, and Microsoft cofounder Bill Gates are now the only three people in the world to be worth at least $100 billion, per Bloomberg. The executive's ballooned fortune comes as Facebook unveils its Instagram Reels, a TikTok-like feature in the app, and as Facebook has experienced a booming stock price during the pandemic. Visit Business Insider's homepage for more stories. Facebook CEO Mar...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, Microsoft, Congress, Trends, Bloomberg, Bill Gates, Jeff Bezos, Donald Trump, Zuckerberg, Amazon Apple, Zuckerberg Amazon


Hackers say ‘jackpotting’ flaws tricked popular ATMs into spitting out cash

In 2010, the late Barnaby Jack, a world-renowned security researcher, hacked an ATM live on stage at the Black Hat conference by tricking the cash dispenser into spitting out a stream of dollar bills. The technique was appropriately named “jackpotting.” A decade on from Jack’s blockbuster demo, security researchers are presenting two new vulnerabilities in Nautilus ATMs, albeit virtually, thanks to the coronavirus pandemic. Security researchers Brenda So and Trey Keown at New York-based secur...
Tags: Security, Europe, New York, Technology, Microsoft, Tech, Bloomberg, Banking, Vulnerability, United States, Hacking, Computing, Hacker, Financial Services, Jack, Science and Technology


Blizzard workers in Irvine organize on company Slack seeking pay increases

By Jason Schreier |  Bloomberg Hundreds of employees at Irvine-based Blizzard Entertainment, the video game developer behind Diablo and Overwatch, are using the company’s Slack network to organize a list of workplace requests, including fair pay and increased sick time. Results of the effort, a rare example of labor organizing in the video game industry, are expected to be presented to management as early as this week, people familiar with the initiative said. A draft version of the list, which ...
Tags: Gaming, Business, Technology, Jobs, Bloomberg, Sport, Blizzard, Soccer, Activision Blizzard, Blizzard Entertainment, Santa Monica, Bloomberg News, Irvine, Activision Blizzard Inc, Bobby Kotick, Jason Schreier


Meet Zhang Yiming, the secretive Chinese billionaire behind TikTok who made over $12 billion in 2018 and called Trump's demands to sell the app 'unreasonable'

Zhang Yiming built a $16.2 billion fortune after founding ByteDance, the Chinese software developer behind TikTok. Despite being one of the wealthiest people in China, Zhang is extremely private and little is known about his personal life. TikTok is currently in negotiations to sell its US operations to Microsoft amid a threat of a ban from President Trump, sparking fierce criticism of Yiming on Chinese social media. Visit Business Insider's homepage for more stories. The widespread popularit...
Tags: Google, Microsoft, China, US, Trends, Bloomberg, Time Magazine, Federal Trade Commission, Carl Icahn, Trump, Forbes Forbes, Zhang, South China Morning Post, PitchBook, Nankai University, Fujian province


Microsoft's xCloud Unavailable on iOS at Launch, Future Uncertain

Microsoft's upcoming "Project xCloud" game streaming service is set to launch on September 15th, exclusively on Android devices. Despite extensive testing via TestFlight on iOS, xCloud's launch on iOS seems to have been postponed indefinitely. Project xCloud is Microsoft's "vision for game-streaming technology that will complement our console hardware and give gamers more choices in how and where they play." xCloud will be bundled as part of the Xbox Game Pass Ultimate subscription for $14.99...
Tags: Apple, Android, Microsoft, Bloomberg, Sony, Xbox, Nvidia, App Store, App Store Microsoft, Verge Apple, Google Stadia, TestFlight


Anthony Levandowski sentenced to 18 months in prison, as new $4B lawsuit against Uber is filed

Anthony Levandowski, the former Google engineer and serial entrepreneur who was at the center of a lawsuit between Uber and Waymo, has been sentenced to 18 months on one count of stealing trade secrets.  Levandowski won’t be heading straight to prison, however. Judge William Alsup postponed his incarceration due to the COVID-19 pandemic. He will report to prison at a future date yet to be determined. Judge Alsup said that home confinement would “[give] a green light to every future ...
Tags: Google, TC, Uber, Tech, Bloomberg, Chicago, Automotive, Otto, William Alsup, Alsup, Waymo, Anthony Levandowski, Levandowski, Otto Trucking, Alphabet Levandowski, Lior Ron Claire Delaunay


Apple will start making its own chips to enable iPhone apps to run on future Mac computers. But developers say pulling that off may not be so easy. (AAPL)

Apple announced in June that it will start making its own chips for future Mac computers, enabling its laptops and desktops to run iPhone and iPad apps. But that will pose a challenge for Apple's iOS developers, who are used to creating apps centered on touch-based interactions and smaller screen sizes, developers say. Apple isn't the first to tackle the challenge of creating an app ecosystem that works seamlessly across mobile and desktop — Microsoft has made attempts at this as well. Overall...
Tags: Apple, Monument Valley, Microsoft, Mac, Trends, Bloomberg, Intel, Lightricks, Facetune, Forrester, Shankar, Thor Fridriksson, Frank Gillett, Andreas Wendker Apple, Macintosh James Cuda, Eric Puidokas


Blizzard Workers Share Salaries In Revolt Over Wage Disparities

An anonymous reader quotes a report from Bloomberg: Employees at Blizzard Entertainment, a division of Activision Blizzard Inc., began circulating a spreadsheet on Friday to anonymously share salaries and recent pay increases, the latest example of rising tension in the video game industry over wage disparities and executive compensation. Blizzard, based in Irvine, California, makes popular games including Diablo and World of Warcraft. In 2019, after an internal survey revealed that more than ha...
Tags: Tech, Bloomberg, Taylor, Activision Blizzard, Bloomberg News, Irvine California, Activision Blizzard Inc, Jessica Taylor


Prosecutors Are Investigating Amazon's Treatment of Third-Party Sellers

According to Bloomberg, attorneys general from New York and California are partnering with the FTC to investigate Amazon's online marketplace, in what may be the beginnings of a formal antitrust enforcement action. From a report: The agencies are going to interview witnesses jointly on conference calls over the next few weeks. The news comes after intense questioning over Amazon's Marketplace practices during [last week's landmark Big Tech antitrust hearing]. Rep. Lucy McBath (D-GA) asked CEO Je...
Tags: Amazon, New York, California, Tech, Bloomberg, Jeff Bezos, Wall Street Journal, Ftc, Bezos, Lucy McBath D GA


China Refuses to Accept 'Theft' of TikTok if US Acquisition Goes Ahead

Yesterday we reported on Microsoft's accelerated efforts to purchase TikTok in the United States before President Trump follows through on a threat to ban the Chinese-owned app in the country. On Tuesday, Reuters reported that China's ruling Communist Party blasted those efforts via an editorial in the China Daily newspaper, saying it will not accept the "theft" of a Chinese tech company and is ready to respond if needed. The United States' "bullying" of Chinese tech companies was a consequ...
Tags: Apple, Google, Facebook, Microsoft, Washington, China, US, Bloomberg, Taiwan, United States, Treasury, Huawei, TSMC, China Daily, John Gruber, Trump


Grab launches new consumer financial services, including micro-investments and loans

Grab announced today that its financial unit, which previously focused mainly on services for entrepreneurs and small businesses, is launching a slew of consumer products, including micro-investments, loans, health insurance and a pay-later program. Based in Singapore, Grab began in 2012 as a ride-hailing company before expanding into on-demand deliveries and other services. In January 2019, it formed a joint venture with ZhongAn Insurance to build a digital insurance marketplace. Since then,...
Tags: Google, TC, Apps, Asia, Indonesia, Southeast Asia, Singapore, Tech, Bloomberg, Netflix, Malaysia, Financial Services, Fintech, Temasek, Consumer Finance, Bento


Google just announced 2 new 5G smartphones coming this year as Apple's first 5G iPhone launch could be right around the corner (GOOG, AAPL)

Google is launching two new 5G smartphones this year: the Pixel 4a 5G and the Pixel 5. Apple is also expected to unveil its first 5G iPhone in the fall, although that device will likely be delayed by a couple of weeks. The $500 Pixel 4a 5G will also be one of the more affordable 5G phones when it launches, considering some models from Samsung, LG, and Motorola can cost around $1,000. Visit Business Insider's homepage for more stories. Google has two new 5G smartphones in its pipeline for this...
Tags: Apple, Google, Motorola, Samsung, Trends, Bloomberg, Pixel, Tcl, Samsung LG, Wedbush Securities, United States Apple, Australia Google, Daniel Ives, Luca Maestri Apple, Pixel 4a 5g


Mark Zuckerberg and Jeff Bezos got $14 billion richer in a single day as Facebook and Amazon shrugged off the coronavirus recession (AMZN, FB)

Amazon, Apple, and Facebook all reported blowout earnings on Thursday.  The companies' stock prices all soared following the reports, helping executives continue their winning streak.  But as a whole, the US economy is reeling from record job losses and shrinking GDP figures.  Visit Business Insider's homepage for more stories. You'd never know there's a recession gripping the US economy by the looks of mega-cap tech stocks. On Friday alone, some of the wealthiest executives added billions to...
Tags: Apple, Amazon, Facebook, Mark Zuckerberg, Cook, US, Trends, Bloomberg, House Of Representatives, Tim Cook, Silicon Valley, The New York Times, Jeff Bezos, Donald Trump, Amazon Apple, Facebook Amazon


Apple Reportedly Eyes Turning iPhones Into Payment Terminals

Apple has reportedly bought Mobeewave, a startup that allows phones to become payment terminals with a simple tap, Bloomberg reported this week. The company’s apparently got money on its mind. Read more...
Tags: Apple, Science, Bloomberg, Square, Nfc, Mobeewave


Now is the worst time to buy a new iPhone (AAPL)

  With Apple's much-rumored iPhone 12 expected to launch in the fall, now is the worst time to purchase a new iPhone. If you're already planning to spend hundreds of dollars on a new phone, it's probably worth it to wait for the newest model that's expected to come with 5G support and the latest Apple processor. Even if you don't care about having the latest iPhone, Apple typically discounts certain older models when introducing new ones. However, if you're either already on a strict budget o...
Tags: Apple, Trends, Bloomberg, Jp Morgan, Luca Maestri Apple


Tesla Engineer Reinvents Chocolate Chip for Maximum Taste and Melt

"Silicon Valley, long obsessed with computer chips, is now disrupting chocolate ones," writes the New York Post: Remy Labesque, a Los-Angeles based industrial engineer working for Elon Musk's Tesla, has re-engineered the chocolate chip for the optimization-obsessed set. Thirty bucks gets you 17.6 ounces, or about 142, of the expertly forged chocolate geodes, which are molded to "melt at the right rate," according to Todd Masonis, co-founder of San Francisco's Dandelion Chocolate, which makes a...
Tags: New York Post, Elon Musk, Los Angeles, San Francisco, Tech, Tesla, Bloomberg, Silicon Valley, Todd Masonis, Masonis, Remy Labesque, Labesque


Pre-Clinical Test of Johnson & Johnson Vaccine Shows It Protected Monkeys from Covid-19

"Johnson & Johnson's experimental coronavirus vaccine protected macaque monkeys with a single shot in a pre-clinical study, potentially gaining on other vaccines that are further along in testing but require two doses over time," reports Bloomberg: Five of six primates exposed to the pandemic-causing pathogen were immune after a single injection. The exception showed low levels of the virus, according to a study published in the medical journal Nature... The health-care behemoth kick-started hu...
Tags: Tech, Bloomberg, Belgium, Astrazeneca, Johnson, Johnson Johnson, J J, New Brunswick New Jersey, GlaxoSmithKline Plc, Paul Stoffels, AstraZeneca Moderna Inc Pfizer Inc


Arm China Goes Rogue, Ex-CEO Accused of Blocking the Business

An anonymous reader quotes Bloomberg: Arm Ltd., the chip designer owned by SoftBank Group Corp., accused the ousted head of its China joint venture of hurting its business there, escalating a dispute that's becoming a test of Beijing's willingness to protect foreign investment in the world's second-largest economy. The U.K. chip giant in June announced it was firing Allen Wu, the head of its Chinese unit, over undisclosed breaches of conduct, but the executive has refused to step down and rema...
Tags: China, Softbank, Tech, Bloomberg, Beijing, SoftBank Group Corp, Wu, ARM Ltd, Allen Wu



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