Dan Ives: Last News

Todd Spangler NY Digital Editor Apple, already the most valuable company on the planet, on Friday saw its market capitalization climb past $3 trillion as the tech colossus reached a historic milestone. The iPhone maker’s shares rose above $192/share in early trading June 30, pushing its market cap over $3 trillion. That’s more than the gross domestic product of most of the world’s countries. On Jan. 3, 2022, Apple briefly topped $3 trillion in market cap during intraday trading — but shares suffered a 27% drop over the course of last year amid a macro-economic slowdown that triggered a broad pullback in tech stocks. In 2023, Apple shares are up more than 50% as Wall Street has once again turned bullish on big tech.

Todd Spangler NY Digital Editor President Trump’s sweeping and severe new tariffs on more than 180 countries prompted a sell-off in stock markets in the U.S. and abroad, raising investor alarm over looming trade wars and accelerating inflation as the levies threaten to increase prices for consumers. At the open of regular U.S.

Yaccarino, a graduate of Penn State University, served as the chair of global advertising and partnerships at NBCUniversal, acting as «the strategic and operational bridge across the entirety of NBCUniversal's global networks, properties, and business units,» according to her profile on LinkedIn. Her role involved monetizing the company's networks, digital and streaming platforms, distribution and commerce partnerships, and client relationships.

Todd Spangler NY Digital Editor The odds of the U.S. banning TikTok are higher after the app’s CEO testified before a House committee, according to some analysts. During the hearing, American politicians expressed frustration over what they saw as evasive and unconvincing answers about China’s influence over TikTok — and the communist regime’s ability to track user data — as well as its efforts to curb misinformation and harmful content, particularly in relation to children who use the app. In his D.C. appearance Thursday, TikTok CEO Shou Zi Chew said the popular app, used by more than 150 million American users monthly, as committed to ensuring privacy and security. He insisted, as TikTok has claimed before, that the company has never furnished U.S. user data to the Chinese Communist Party (nor has the CCP ever made such a request). Chew talked up TikTok’s “Project Texas,” intended to bring user data fully under the aegis of U.S.-based personnel and hosted on Oracle infrastructure.

Microsoft said today it plans to lay off 10,000 employees to “align our cost structure with our revenue and where we see customer demand.”

Twitter’s new owner Elon Musk has unloaded another 22 million shares of his publicly-traded electric automaker Tesla, raising north of $3.5 billion.

A cryptic tweet by Elon Musk and late-night purge of top executives closed Twitter’s takeover saga as chaotically as it began, with no formal announcement just a four-word post by the self-declared Chief Twit — “the bird is freed.”

Todd Spangler NY Digital EditorIs Elon Musk getting cold feet over his $44 billion bid for Twitter — or is he just trying to drive the price tag down?Early Friday, the mega-billionaire tweeted that his deal for the social network was “temporarily on hold,” citing the need to conduct due diligence on Twitter’s claim that fake and spam accounts represent less than 5% of its active user base. He linked to a Reuters story based on Twitter’s latest quarterly 10-Q with the information.However, that disclosure has been in Twitter’s SEC filings for years — literally since the company first went public in 2013.

Tesla founder Elon Musk has acquired 73.5 million shares in Twitter, or 9.2% of the company, sending its shares up more than 20% but prompting uneasiness about his intentions.