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On Friday, Apple announced that it was terminating Epic Games’ developer account. The move means that Epic will no longer be able to make apps for Apple’s iPhone, Mac, or iPad. However, an account associated with Unreal Engine won’t be impacted by the move. Unreal Engine is...
On Thursday, Apple announced that its Board of Directors had approved a four-for-one stock split. Stock splits cater to smaller investors by making the shares more affordable and accessible. For instance, Apple is currently trading at $425.04, and with a stock split, investors would...
The largest bank in the U.S. is set to get even bigger. JPMorgan Chase is partnering with Marqeta, an innovative credit card issuing platform and processor based out of the Bay Area. The collaboration will help launch a virtual credit card product for commercial users.
Warren Buffett’s Berkshire Hathaway stake in Apple is up by $40 billion since it bottomed out in March. Apple shares comprise 40 percent of Berkshire’s equity portfolio. The “Oracle of Omaha’s” investment in the mega-tech company has helped Berkshire plow through the negative impacts...
During Monday morning trading, Tesla briefly became the 10th largest stock in the U.S. according to its market value. At its peak, Tesla stock was worth $321 billion during Monday’s rally. But the momentum didn’t last, and Tesla shares ended up 3.08 percent lower, with its market...
Amazon is expanding its cloud services by adding a tool that will help non-coders build applications. The company is introducing its Honeycode service, which will compete with Google and Microsoft cloud solutions. Honeycode has a visual interface that enables people to build apps for...
According to one analyst at Needham, Amazon’s media division is worth around $500 billion in assets. The analyst, Laura Martin, says those assets are worth nearly as much as Amazon’s cloud-computing division. The assets include Prime Video, Twitch, and Prime Music, among others,...
During the first quarter of 2020, Zoom saw significant growth and has since doubled its revenue guidance for the remainder of the fiscal year. This week, Zoom reported a revenue growth of 169 percent on its year-to-year first-quarter earnings. The fiscal quarter ended on April 30.
It’s only been a few weeks since Microsoft announced that it made a deal to acquire Affirmed Networks, a 5G networking solutions firm. Now, Microsoft plans to acquire Metaswitch Networks, a U.K.-based software solutions company. Microsoft is acquiring the companies to strengthen its foothold in the 5G...
This past Wednesday, Amazon announced that it would be launching two Fire HD tablets. The updated Fire tablets will be equipped with faster processors, additional storage space, and other improvements. Amazon plans to launch the tablets on June 3. Pricing for the new models will start at $89.99.