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Google EU antitrust ruling does not threaten dominance

David Paul Morris | Bloomberg | Getty Images Sundar Pichai, chief executive officer of Google Inc., speaks during the Google I/O Developers Conference in Mountain View, California, U.S., on Tuesday, May 8, 2018.  Last week, Google complied with the European Union’s $5 billion antitrust ruling by changing how it bundles …

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1 in 4 Venmo users’ actions on app can be monetized

A quarter of Venmo users are currently using PayPal’s millennial-friendly payments app in a way that the financial technology company can monetize, PayPal Chief Financial Officer John Rainey told CNBC on Friday. “If we look at the most recent quarter, roughly one in four Venmo customers are using Venmo in …

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Tesla CEO Elon Musk: extreme micro-manager

It was late 2016. Tesla CEO Elon Musk had confidently told investors that his company would be cranking out 500,000 electric cars a year by 2018. To hit those mass-market volumes, the CEO ordered a team of engineers to figure out how to “automate everything” about Model 3 assembly. The …

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China sales are ‘fuel in the engine’

Strong Chinese demand and a growing services business are critical on Apple‘s “yellow brick road” to a $1.5 trillion market cap, which Wedbush Securities analyst Dan Ives said is more than possible. Ives initiated coverage of Apple with an outperform rating and a 12-month price target of $310, higher than …

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