Google is paying Apple billions per year to remain on the iPhone, Bernstein says

Todd Haselton, writing for CNBC;

Google is paying Apple billions of dollars to remain the default search engine on iPhones and iPads, Bernstein said in a note to investors on Monday.

The firm believes that Google will pay Apple about $3 billion this year, up from $1 billion just three years ago, and that Google’s licensing fees make up a large bulk of Apple’s services business.

Of course, Google will earn more than what they’re paid Apple in return. Just last quarter, the company reported a revenue of $26 billion.

So I’d say that $3 billion (a year) that they paid Apple is all worth it.

DICT to launch eBPLS for automated Business & Licensing Permits

Yugatech;

The Department of Communication and Technology is set to launch the eBPLS software this July 18, 2017. This will coincide with the eBPLS Summit to be held that day and spearheaded by DICT Sec. Salalima.

The eBPLS (Electronic Business Permit and Licensing System) aims to streamline the process of getting licenses and business permits in cities and municipalities.

Snapchat Parent Snap Valued at $24 Billion After IPO Pricing

Corrie Driebusch and Maureen Farrell, reporting for Wall Street Journal;

Snap Inc. priced its initial public offering above expectations Wednesday, as investors clamored for a piece of the biggest technology IPO in the U.S. since Alibaba Group Holding Ltd. made its debut in 2014.

Snap fetched $17 a share in its offering, the company said, confirming an earlier report by The Wall Street Journal. That gives the parent of popular disappearing-message app Snapchat a market value of nearly $24 billion. It was also above the $14 to $16 a share Snap had targeted, indicating strong demand for an IPO that has captivated investors and analysts since the company confidentially filed for the offering late last year.

Twitter to shutdown Twitter Dashboard

Twitter Dashboard is a free tool to help businesses schedule Tweets, get valuable insights, and engage with their customers and community.