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.
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 Dashboard is a free tool to help businesses schedule Tweets, get valuable insights, and engage with their customers and community.
Jon Russell, writing for TechCrunch;
Alibaba is continuing its efforts to get into and modernize offline retail after the e-commerce giant lodged a $2.6 billion offer to fully acquire Intime.
Anisa Menur A. Maulani, reporting for e27;
Singapore-based venture capital firm East Ventures today announced a new US$27.5 million fund targetting at Southeast Asian startups. Raised from undisclosed “prominent families and entrepreneurs”, the fund marks the company’s fifth after six years of operation.