The internet is increasingly controlled by a select few tech companies, including Google, Facebook, Apple and Amazon even though it was designed to be a massive, decentralized system that nobody controlled. And these companies are continuing to consolidate power, feels the… Read More ›
Day: September 21, 2016
Ugliest Shoes in the US are a Billion Dollar Market
Ugly shoes are the new craze in America. Stretchy laminated sneakers and weird, fur-striped sandals are being sold by Zara. And celebrities and fashion editors are wearing clunky black-and-white Adidas slippers. Some mystifying, ultra-shaggy slip-ons were designed by Gucci. Awkward, curvey… Read More ›
Apple’s Bill Of Materials same as Samsung but commands a higher premium
IHS Markit’s tear down of Apple’s iPhone shows cost hike of $5 in manufacturing cost. According to IHS Markit Ltd, Apple’s latest flagship the iPhone 7 has higher input costs than its predecessor, the iPhone 6S thanks to its bigger… Read More ›
Google gets more time to respond to EU’s 3 antitrust charges
The European Commission has granted Google more time to respond to its antitrust charges. If convicted Google will have to shell out $7.4 billion for each charge of up to 10% of its global turnover. The European Commission has informed… Read More ›
JPMorgan acquires InvestCloud for an undisclosed sum
Through this move, JPMorgan has chosen to embrace its competitors rather than openly oppose their disruptive business model. With its strong existing network with lower customer costs, it can more effectively fight them while expanding its customer base with newer… Read More ›
Microsoft raises quarterly dividend by 8%, plans $40 billion share buyback program
Although the repurchase program of its shares is not time bound, it is on track to complete the program by December 31. Much to the cheers of shareholders, Microsoft has announced today that it would not only raise its quarterly… Read More ›