Mark Zuckerberg has sold $296 million worth of Facebook shares in August

Mark Zuckerberg has been on a selling spree in August, unloading nearly 1.6 million shares of Facebook worth nearly $296 million. Prior to this month, the Facebook co-founder and CEO hadn’t sold shares since April. He’s now sold 2.9 million shares this year worth more than $526 million. While his selling activity picked up in August, he’s still well off the pace from last year, when Zuckerberg sold nearly 28.9 million shares for more than $5.3 billion. Facebook shares were trading down by less t


Mark Zuckerberg has been on a selling spree in August, unloading nearly 1.6 million shares of Facebook worth nearly $296 million. Prior to this month, the Facebook co-founder and CEO hadn’t sold shares since April. He’s now sold 2.9 million shares this year worth more than $526 million. While his selling activity picked up in August, he’s still well off the pace from last year, when Zuckerberg sold nearly 28.9 million shares for more than $5.3 billion. Facebook shares were trading down by less t
Mark Zuckerberg has sold $296 million worth of Facebook shares in August Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: salvador rodriguez
Keywords: news, cnbc, companies, facebook, nearly, zuckerberg, worth, sells, million, sold, shares, billion, mark, 296, share


Mark Zuckerberg has sold $296 million worth of Facebook shares in August

Mark Zuckerberg has been on a selling spree in August, unloading nearly 1.6 million shares of Facebook worth nearly $296 million.

Prior to this month, the Facebook co-founder and CEO hadn’t sold shares since April. He’s now sold 2.9 million shares this year worth more than $526 million. Zuckerberg still owns over 375 million Facebook shares with a current value of over $68 billion, making him the fifth-richest person in the world, behind Jeff Bezos, Bill Gates, Bernard Arnault and Warren Buffett.

Zuckerberg, 35, regularly sells parts of his Facebook fortune to fund the Chan Zuckerberg Initiative, the philanthropic organization he runs with his wife, Priscilla Chan. CZI funds programs in science and education as well as social issues focused on criminal justice reform, housing affordability and immigration reform.

According to the filings, Zuckerberg’s share sales are part of a 10b5-1 plan, a rule established by the Securities and Exchange Commission that allows public company insiders to sell a predetermined amount of stock at set periods of time. Facebook’s dual-class share structure allows Zuckerberg to retain voting control over the company’s big decisions even as he sells a significant portion of his stake.

While his selling activity picked up in August, he’s still well off the pace from last year, when Zuckerberg sold nearly 28.9 million shares for more than $5.3 billion. In late 2017, Zuckerberg said he planned to sell up to 75 million shares, worth more than $12 billion at the time, by March of this year.

Facebook shares were trading down by less than 1% on Thursday at $182.11.

WATCH: Here’s how to see which apps have access to your Facebook data — and cut them off


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: salvador rodriguez
Keywords: news, cnbc, companies, facebook, nearly, zuckerberg, worth, sells, million, sold, shares, billion, mark, 296, share


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Stocks making the biggest moves midday: Overstock.com, Nordstrom, L Brands, Retrophin & more

The company reported adjusted earnings per share of 90 cents. The company reported that digital sales grew, though department store sales fell 6.5%. Dick’s reported $1.26 in earnings per share on $2.26 billion in revenue, as same-store sales rose by 3.2%. BJ’s Wholesale — Shares of BJ’s Wholesale surged 16% after the company reported a stronger-than-expected profit for the second quarter. The company posted earnings per share of 39 cents, topping a Refinitiv estimate by 2 cents.


The company reported adjusted earnings per share of 90 cents. The company reported that digital sales grew, though department store sales fell 6.5%. Dick’s reported $1.26 in earnings per share on $2.26 billion in revenue, as same-store sales rose by 3.2%. BJ’s Wholesale — Shares of BJ’s Wholesale surged 16% after the company reported a stronger-than-expected profit for the second quarter. The company posted earnings per share of 39 cents, topping a Refinitiv estimate by 2 cents.
Stocks making the biggest moves midday: Overstock.com, Nordstrom, L Brands, Retrophin & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: fred imbert
Keywords: news, cnbc, companies, making, stocks, retrophin, share, revenue, moves, biggest, sales, midday, refinitiv, brands, company, shares, reported, cents, earnings, billion, nordstrom, overstockcom


Stocks making the biggest moves midday: Overstock.com, Nordstrom, L Brands, Retrophin & more

Check out the companies making headlines midday Thursday:

Overstock.com — Overstock.com shares jumped more than 7% after CEO Patrick Byrne resigned from his post and the company’s board of directors. Byrne’s resignation comes after he made controversial comments regarding his role with the “deep state. ”

Nordstrom — Shares of the fashion retailer surged 15% after the company delivered profits that beat estimates. The company reported adjusted earnings per share of 90 cents. Analysts had expected earnings per share of 75 cents, according to a Refinitiv consensus estimate. The company reported that digital sales grew, though department store sales fell 6.5%.

GameStop — Shares of GameStop spiked nearly 14% after Barron’s reported that famed investor Michael Burry was long the stock. Burry, who was one of the main money managers in “The Big Short,” told Barron’s that the rise of streaming video game services has depressed the stock’s price too far and that the company “will have the cash flow to justify a much higher share price.”

Retrophin — Retrophin plummeted more than 25% after announcing that a phase 3 of fosmetpantotenate, a drug aimed at treating pantothenate kinase-associated neurodegeneration — a disease characterized by deterioration of the nervous system — failed to meet its primary endpoint.

Dick’s Sporting Goods — Dick’s Sporting Goods rose 4% on Thursday after the retailer beat Wall Street estimates for its fiscal second-quarter results and raised its full-year guidance. Dick’s reported $1.26 in earnings per share on $2.26 billion in revenue, as same-store sales rose by 3.2%. Analysts expected $1.21 in earnings per share, $2.21 billion in revenue and 1% growth in same-store sales, according to Refinitiv consensus estimates. The company said it expects between $3.30 and $3.45 in earnings per share for the full year, up from previous guidance of between $3.20 and $3.40.

L Brands — The Victoria’s Secret parent company dropped 5% after reporting disappointing quarterly sales. Same-store sales at Victoria’s Secret fell 6%, more than the 3.9% drop that forecast by analysts polled by Refinitiv.

BJ’s Wholesale — Shares of BJ’s Wholesale surged 16% after the company reported a stronger-than-expected profit for the second quarter. The company posted earnings per share of 39 cents, topping a Refinitiv estimate by 2 cents. “We delivered improved margins and continued to grow earnings as we executed against our strategic priorities,” CEO Christopher Baldwin said in a statement.

Keysight Technologies — Shares of the electronics manufacturer jumped 11.7% after reporting better-than-expected quarterly earnings and revenue. Keysight posted fiscal third-quarter earnings per share of $1.25 on revenue of $1.09 billion. Analysts polled by Refinitiv expected a profit of $1.02 per share on revenue of $1.05 billion. The company also issued better-than-expected earnings guidance for the fourth quarter.

—CNBC’s Elizabeth Myong and Jesse Pound contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: fred imbert
Keywords: news, cnbc, companies, making, stocks, retrophin, share, revenue, moves, biggest, sales, midday, refinitiv, brands, company, shares, reported, cents, earnings, billion, nordstrom, overstockcom


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VMware buys Carbon Black and Pivotal, valued together at $4.8 billion

Software company VMware on Thursday said it’s acquiring Carbon Black at an enterprise value of $2.1 billion and Pivotal at an enterprise value of $2.7 billion. Carbon Black shares rose as much as 6% after shares were initially halted following the close of the trading session. Carbon Black vaults VMware into endpoint protectionCarbon Black was founded in 2002 and debuted on the Nasdaq under the symbol “CBLK” in May 2018. Carbon Black shareholders will get $26 per share in cash from VMware for a


Software company VMware on Thursday said it’s acquiring Carbon Black at an enterprise value of $2.1 billion and Pivotal at an enterprise value of $2.7 billion. Carbon Black shares rose as much as 6% after shares were initially halted following the close of the trading session. Carbon Black vaults VMware into endpoint protectionCarbon Black was founded in 2002 and debuted on the Nasdaq under the symbol “CBLK” in May 2018. Carbon Black shareholders will get $26 per share in cash from VMware for a
VMware buys Carbon Black and Pivotal, valued together at $4.8 billion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: jordan novet
Keywords: news, cnbc, companies, black, certain, 48, share, revenue, items, earnings, vmware, carbon, valued, excluding, pivotal, buys, billion


VMware buys Carbon Black and Pivotal, valued together at $4.8 billion

Software company VMware on Thursday said it’s acquiring Carbon Black at an enterprise value of $2.1 billion and Pivotal at an enterprise value of $2.7 billion. The deals are expected to close by the end of January 2020. Shares of Pivotal were up as much as 8% after the announcement, while VMware shares fell as much as 7%. Carbon Black shares rose as much as 6% after shares were initially halted following the close of the trading session. These are VMware’s largest acquisitions yet. The deals build on VMware’s strength helping companies run their software in their own data centers. They could help VMware compete better in the security market and hybrid-cloud infrastructure operations. VMware isn’t talking about cost synergies that could come out of buying two other enterprise-focused companies. However, CEO Pat Gelsinger told CNBC the companies will be operating profitably under VMware next year. Gelsinger said that by year two, Carbon Black and Pivotal will have contributed more than $1 billion in revenue incrementally, which will mean VMware will have more than $3 billion in hybrid cloud and software-as-a-service revenue. Also on Thursday VMware announced earnings for the second quarter of its 2020 fiscal year. The company reported $1.60 in earnings per share, excluding certain items, on $2.44 billion in revenue. Analysts polled by Refinitiv had been expecting $1.55 in earnings per share, excluding certain items, on $2.43 billion in revenue for the quarter. For the fiscal third quarter, VMware is calling for $1.42 in earnings per share, excluding certain items, and $2.4 billion in revenue. Analysts polled by Refinitiv were expecting $1.57 per share, excluding certain items, on $2.45 billion in revenue. For the whole 2020 fiscal year VMware is calling for $6.54 in earnings per share, excluding certain items, on $10.03 billion in revenue. The Refinitiv consensus was $6.52 in earnings per share, excluding certain items, and $10.03 billion in revenue.

Carbon Black vaults VMware into endpoint protection

Carbon Black was founded in 2002 and debuted on the Nasdaq under the symbol “CBLK” in May 2018. The company provides anti-malware and endpoint protection products that can see into many of a company’s devices and tell if they have been hacked. In the most recent quarter, Carbon Black reported a loss of 13 cents per share, excluding certain items, on $60.9 million in revenue, with 19% annualized revenue growth. Carbon Black shares are up 2% in the past year. Carbon Black shareholders will get $26 per share in cash from VMware for a total of $1.9 billion in cash. The price per share is 14% higher than the stock’s $22.75 closing price on Wednesday. The endpoint security marketplace is crowded, and Carbon Black competes heavily with rivals such as Crowdstrike, Cylance, Fortinet and Symantec. The space has been ripe for consolidation in recent years, particularly from traditional hardware companies. Blackberry acquired Cylance in 2018 in an effort to beef up its new business proposition as a cybersecurity company, and Broadcom said that it would acquire Symantec’s enterprise business earlier this month. Though crowded, the endpoint protection marketplace is also poised for growth. While more diverse devices go online — including more corporate-owned devices — further enabled by 5G technology, that means more and different endpoints that can serve as an entryway for criminals. Carbon Black touted its relationships with VMware as well as IBM when it filed to go public last year. CTFN reported earlier this month that Carbon Black hired Morgan Stanley to explore opportunities to sell itself. CTFN also reported that Cisco and IBM had expressed interest, according to Bloomberg. Gelsinger did not confirm that Carbon Black talked with Cisco or IBM but said public companies do perform “customary market checks” to ensure a deal is beneficial. Carbon Black’s CEO, Patrick Morley, will run a security business unit that VMware is forming, and VMware will move some existing assets into it, Gelsinger said. He said VMware has been developing a thesis that infrastructure and applications should be secure by default and shouldn’t need extra treatment by a security team. Breaches are happening to VMware’s customers even after they have deployed security products, Gelsinger said. “It ain’t working,” he said. Based in Waltham, Massachusetts, Carbon Black had 1,138 employees at the end of 2018, and customers include Belk, DA Davidson, Evernote and Netflix, according to the company’s website.

Pivotal has a long history with VMware


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: jordan novet
Keywords: news, cnbc, companies, black, certain, 48, share, revenue, items, earnings, vmware, carbon, valued, excluding, pivotal, buys, billion


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Salesforce shares rise on revenue beat and increased forecast

Salesforce shares climbed about 7% in extended trading on Thursday after the software company reported better-than-expected quarterly revenue and raised its forecast for the year. 66 cents per share, excluding certain items, vs. 47 cents per share as expected by analysts, according to Refinitiv. Revenue: $4 billion, vs. $3.95 billion as expected by analysts, according to Refinitiv. Sales Cloud, the company’s biggest product, generated $1.13 billion in revenue, up 13%, and Service Cloud, the seco


Salesforce shares climbed about 7% in extended trading on Thursday after the software company reported better-than-expected quarterly revenue and raised its forecast for the year. 66 cents per share, excluding certain items, vs. 47 cents per share as expected by analysts, according to Refinitiv. Revenue: $4 billion, vs. $3.95 billion as expected by analysts, according to Refinitiv. Sales Cloud, the company’s biggest product, generated $1.13 billion in revenue, up 13%, and Service Cloud, the seco
Salesforce shares rise on revenue beat and increased forecast Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: jordan novet ari levy, jordan novet, ari levy
Keywords: news, cnbc, companies, analysts, revenue, share, expected, forecast, company, salesforce, cents, billion, vs, rise, cloud, increased, beat, shares


Salesforce shares rise on revenue beat and increased forecast

Salesforce shares climbed about 7% in extended trading on Thursday after the software company reported better-than-expected quarterly revenue and raised its forecast for the year.

Here are the key numbers for the second quarter of fiscal 2020:

Earnings: 66 cents per share, excluding certain items, vs. 47 cents per share as expected by analysts, according to Refinitiv.

66 cents per share, excluding certain items, vs. 47 cents per share as expected by analysts, according to Refinitiv. Revenue: $4 billion, vs. $3.95 billion as expected by analysts, according to Refinitiv.

Revenue climbed 22% from a year earlier, the company said in a statement. Sales Cloud, the company’s biggest product, generated $1.13 billion in revenue, up 13%, and Service Cloud, the second-largest division, grew 22% to $1.09 billion.

While Salesforce is still generating organic growth as more large businesses move their applications to the cloud, the company has also been on a spending spree to move into new areas and open the door to new expansion opportunities. Earlier this month, Salesforce closed the $15.3 billion acquisition of Tableau, by far its biggest deal ever, pushing into data visualization tools.

That follows last year’s $6.5 billion purchase of MuleSoft, which put Salesforce into the business of data integration, more of a back-end technology.


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: jordan novet ari levy, jordan novet, ari levy
Keywords: news, cnbc, companies, analysts, revenue, share, expected, forecast, company, salesforce, cents, billion, vs, rise, cloud, increased, beat, shares


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Hasbro to buy Peppa Pig owner in $4 billion all-cash deal


Hasbro to buy Peppa Pig owner in $4 billion all-cash deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22
Keywords: news, cnbc, companies, buy, allcash, pig, owner, hasbro, peppa, deal, billion



Company: cnbc, Activity: cnbc, Date: 2019-08-22
Keywords: news, cnbc, companies, buy, allcash, pig, owner, hasbro, peppa, deal, billion


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Stocks making the biggest moves after hours: Nordstrom, L Brands and more

The company reported adjusted earnings per share of 90 cents on revenue of $3.87 billion. Analysts had expected earnings per share of 75 cents on revenue of $3.93 billion, according to Refinitiv consensus estimates. The company reported adjusted second-quarter earnings per share of 24 cents on revenue of $2.90 billion. The company reported adjusted earnings per share of 30 cents on revenue of $517 million. Analysts had expected earnings per share of 12 cents on revenue of $488 million, according


The company reported adjusted earnings per share of 90 cents on revenue of $3.87 billion. Analysts had expected earnings per share of 75 cents on revenue of $3.93 billion, according to Refinitiv consensus estimates. The company reported adjusted second-quarter earnings per share of 24 cents on revenue of $2.90 billion. The company reported adjusted earnings per share of 30 cents on revenue of $517 million. Analysts had expected earnings per share of 12 cents on revenue of $488 million, according
Stocks making the biggest moves after hours: Nordstrom, L Brands and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: elizabeth myong
Keywords: news, cnbc, companies, nordstrom, revenue, sales, billion, company, stocks, hours, brands, share, moves, biggest, earnings, cents, making, million, reported, refinitiv


Stocks making the biggest moves after hours: Nordstrom, L Brands and more

Check out the companies making headlines after the bell:

Shares of Nordstrom surged 11% in extended trading after the retailer posted a strong profit despite weakening second-quarter sales. The company reported adjusted earnings per share of 90 cents on revenue of $3.87 billion. Analysts had expected earnings per share of 75 cents on revenue of $3.93 billion, according to Refinitiv consensus estimates.

Nordstrom, however, cut its full-year guidance for net sales and earnings. The company said it now expects full-year earnings per share between $3.25 and $3.50, down from its previous expectation for earnings per share between $3.25 and $3.65.

Pure Storage edged slightly lower after announcing the departure of Chief Financial Officer Tim Riitters as well as issuing a disappointing sales outlook. The flash storage company said Riitters will remain at the company in the fall as it searches for a successor. Pure Storage said it expects revenue between $434 million and $446 million for the third quarter and between $1.645 billion and $1.715 billion for fiscal 2020. Those figures are lower than Refinitiv consensus estimates for $466.3 million and $1.725 billion, respectively.

Shares of L Brands ticked 1% lower after the Victoria’s Secret owner posted disappointing sales, despite better-than-expected profit. The company reported adjusted second-quarter earnings per share of 24 cents on revenue of $2.90 billion. Analysts had expected earnings per share of 20 cents on revenue of $2.95 billion, according to Refinitiv consensus estimates. Same-store sales at Victoria’s Secret fell 6%, more than analyst expectations for a drop of 3.9%. But comparable store sales at Bath & Body Works grew 8%, better than the 6.3% expected.

Splunk briefly 1% after the software company reported strong second-quarter earnings and announced it would acquire cloud monitoring service SignalFx for $1.05 billion in cash and stock. The company reported adjusted earnings per share of 30 cents on revenue of $517 million. Analysts had expected earnings per share of 12 cents on revenue of $488 million, according to Refinitiv consensus estimates. The stock later reversed to trade slightly below its closing price.


Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: elizabeth myong
Keywords: news, cnbc, companies, nordstrom, revenue, sales, billion, company, stocks, hours, brands, share, moves, biggest, earnings, cents, making, million, reported, refinitiv


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Shares of China’s Baidu pop over 8% after earnings beat as CEO says ‘temporary pain’ will pay off

Baidu shares surged over 8% in U.S. after-hours trade after it reported earnings for the second quarter that beat market expectations, as it managed to fend off newer rivals like TikTok parent ByteDance in the advertising space. Here are the results for the June quarter:Revenue of 26.3 billion yuan, or $3.83 billion, according to the exchange rate published in the company’s earnings release. Revenue beat market expectations of 25.76 billion yuan. After posting its first loss since 2005 in the fi


Baidu shares surged over 8% in U.S. after-hours trade after it reported earnings for the second quarter that beat market expectations, as it managed to fend off newer rivals like TikTok parent ByteDance in the advertising space. Here are the results for the June quarter:Revenue of 26.3 billion yuan, or $3.83 billion, according to the exchange rate published in the company’s earnings release. Revenue beat market expectations of 25.76 billion yuan. After posting its first loss since 2005 in the fi
Shares of China’s Baidu pop over 8% after earnings beat as CEO says ‘temporary pain’ will pay off Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: arjun kharpal
Keywords: news, cnbc, companies, earnings, chinas, billion, shares, pop, search, beat, revenue, ceo, second, yuan, baidu, yearonyear, rising, pay, temporary, market, tiktok, pain, quarter


Shares of China's Baidu pop over 8% after earnings beat as CEO says 'temporary pain' will pay off

Baidu shares surged over 8% in U.S. after-hours trade after it reported earnings for the second quarter that beat market expectations, as it managed to fend off newer rivals like TikTok parent ByteDance in the advertising space.

Here are the results for the June quarter:

Revenue of 26.3 billion yuan, or $3.83 billion, according to the exchange rate published in the company’s earnings release. That represented a 1% year-on-year increase or 9% on the quarter. Revenue beat market expectations of 25.76 billion yuan.

Earnings per share of 10.11 yuan, beating estimates of 6.12 yuan. That was a 54% year-on-year decline but a more than 260% increase from the previous quarter.

Expectations were low. The stock had declined nearly 40% this year, and investors were concerned about the impact of rising competition and stricter censorship from the Chinese government on online videos which could hurt ad revenue.

But Baidu reported numbers that pleased the market. After posting its first loss since 2005 in the first quarter of the year, the Chinese internet giant returned to a net profit in the second quarter.

Its core advertising and marketing services business hit revenues of 19.5 billion yuan, decreasing 2% year-on-year but rising 12% on the quarter. Given that this makes up around three quarters of the company’s revenue, the signs of stabilization were welcomed.

The search giant has also been criticized for its slow shift to mobile as consumers spend an increasing amount of time on so-called “super apps.” These are products like Tencent’s WeChat or Ant Financial’s Alipay where a user can do a number of different things ranging from payments to ordering food — all within one app.

Baidu has also faced new competition from ByteDance, the owner of social media app TikTok, which recently launched a search product.


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: arjun kharpal
Keywords: news, cnbc, companies, earnings, chinas, billion, shares, pop, search, beat, revenue, ceo, second, yuan, baidu, yearonyear, rising, pay, temporary, market, tiktok, pain, quarter


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Huge deals from the likes of Amazon help UK tech start-ups score record foreign investment

British technology start-ups have attracted more foreign investment since the start of the year than they did throughout all of 2018, according to fresh figures published Wednesday. U.S. and Asian venture capital investors poured $3.7 billion into U.K. tech companies in the first seven months of 2019, research from industry group Tech Nation and data firm Dealroom showed. Last year, U.K. start-ups raised $2.9 billion from American and Asian investors. Including domestic sources of cash, $6.7 bil


British technology start-ups have attracted more foreign investment since the start of the year than they did throughout all of 2018, according to fresh figures published Wednesday. U.S. and Asian venture capital investors poured $3.7 billion into U.K. tech companies in the first seven months of 2019, research from industry group Tech Nation and data firm Dealroom showed. Last year, U.K. start-ups raised $2.9 billion from American and Asian investors. Including domestic sources of cash, $6.7 bil
Huge deals from the likes of Amazon help UK tech start-ups score record foreign investment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: ryan browne
Keywords: news, cnbc, companies, investment, asian, record, foreign, score, likes, help, million, startups, uk, venture, funding, tech, start, huge, billion, nation


Huge deals from the likes of Amazon help UK tech start-ups score record foreign investment

British technology start-ups have attracted more foreign investment since the start of the year than they did throughout all of 2018, according to fresh figures published Wednesday.

U.S. and Asian venture capital investors poured $3.7 billion into U.K. tech companies in the first seven months of 2019, research from industry group Tech Nation and data firm Dealroom showed. Last year, U.K. start-ups raised $2.9 billion from American and Asian investors.

The eye-watering sum was boosted by nine-figure deals from capital-rich companies like Amazon and SoftBank. In May, Amazon led a $575 million funding round for Deliveroo — although that was hit with a warning from the U.K. competition regulator — while SoftBank’s notable U.K. investments include $800 million for Greensill and $390 million for OakNorth.

Including domestic sources of cash, $6.7 billion has been invested into private British tech firms overall in 2019, Tech Nation said, adding that figure could rise to a record $11 billion by the end of the year. The organization said U.S. corporate venture capital funding for U.K. start-ups has risen by 3% in the last six years, while Asian corporate funding is up 20%.

“It’s evidence for us that there’s growing interest for emerging technologies that are gaining a lot of traction in the U.K. from foreign investors,” George Windsor, Tech Nation’s head of insights, told CNBC in a phone interview. “This shows us the U.K. is continuing to perform strongly on the global stage, and for us this is just the start.”


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: ryan browne
Keywords: news, cnbc, companies, investment, asian, record, foreign, score, likes, help, million, startups, uk, venture, funding, tech, start, huge, billion, nation


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Apple is spending $6 billion on original shows and trying to beat Disney+ to market, reports FT

Apple has committed to spend more than $6 billion on original TV shows and movies for its forthcoming Apple TV+ service, according to a Financial Times report on Monday. The report emphasizes Apple’s willingness to spend deeply to create enough original content to break into a competitive over-the-top streaming service market that will eventually include Netflix, Disney, NBCUniversal, and Amazon as competitors. Apple also sells Apple TV Channels, a related but separate product that enables users


Apple has committed to spend more than $6 billion on original TV shows and movies for its forthcoming Apple TV+ service, according to a Financial Times report on Monday. The report emphasizes Apple’s willingness to spend deeply to create enough original content to break into a competitive over-the-top streaming service market that will eventually include Netflix, Disney, NBCUniversal, and Amazon as competitors. Apple also sells Apple TV Channels, a related but separate product that enables users
Apple is spending $6 billion on original shows and trying to beat Disney+ to market, reports FT Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: kif leswing
Keywords: news, cnbc, companies, thrones, billion, disney, streaming, apple, report, beat, reports, spending, according, spend, trying, tv, original, market, service, ft, shows


Apple is spending $6 billion on original shows and trying to beat Disney+ to market, reports FT

Apple has committed to spend more than $6 billion on original TV shows and movies for its forthcoming Apple TV+ service, according to a Financial Times report on Monday.

Apple previously said to expect its streaming service focusing on original content to launch in the fall, and the report says that Apple is looking to turn its service live in the next two months, before Disney+ launches on November 12.

The report emphasizes Apple’s willingness to spend deeply to create enough original content to break into a competitive over-the-top streaming service market that will eventually include Netflix, Disney, NBCUniversal, and Amazon as competitors.

Apple also sells Apple TV Channels, a related but separate product that enables users to individually subscribe to services like HBO and Showtime and bundles all of them together in its TV app.

Apple revealed TV+ during a star-studded event this March on its campus in Cupertino, California, confirming at least seven series for the service, including shows produced by Steven Spielberg and Oprah Winfrey. However, no release date or price for the service has been disclosed by Apple.

Apple is considering $9.99 a month for TV+, three dollars more than Disney+, according to a report from Bloomberg.

On Monday, Apple released a trailer for “The Morning Show,” a drama that will air on Apple’s streaming service. Apple paid more per episode for the Jennifer Aniston and Reese Witherspoon show than “Game of Thrones” cost in its final season, according to the report.

Variety previously reported that episodes in the last season Game of Thrones cost $15 million each.

Apple declined to comment.

Read the original FT article here.


Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: kif leswing
Keywords: news, cnbc, companies, thrones, billion, disney, streaming, apple, report, beat, reports, spending, according, spend, trying, tv, original, market, service, ft, shows


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Google’s acquisitions are in the spotlight 15 years after it went public

Fast forward 15 years — and more than 200 acquisitions later — Google has become a verb and part of many people’s daily lives. In the months prior, Democratic presidential hopeful Sen. Elizabeth Warren proposed a plan that included divesting Google’s acquisitions of Nest, Waze and DoubleClick. “Google has snapped up the mapping company Waze and the ad company DoubleClick,” Warren wrote. Since then, it has turned what was a smart thermostat product into Google’s home devices brand, which includes


Fast forward 15 years — and more than 200 acquisitions later — Google has become a verb and part of many people’s daily lives. In the months prior, Democratic presidential hopeful Sen. Elizabeth Warren proposed a plan that included divesting Google’s acquisitions of Nest, Waze and DoubleClick. “Google has snapped up the mapping company Waze and the ad company DoubleClick,” Warren wrote. Since then, it has turned what was a smart thermostat product into Google’s home devices brand, which includes
Google’s acquisitions are in the spotlight 15 years after it went public Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: jennifer elias
Keywords: news, cnbc, companies, google, warren, revenue, market, smart, googles, acquisitions, company, went, mobile, public, spotlight, billion, waze, 15


Google's acquisitions are in the spotlight 15 years after it went public

When Google debuted on Wall Street on Aug. 19, 2004, the public market was still scratching its head at what the company could do, let alone what a search engine was.

Fast forward 15 years — and more than 200 acquisitions later — Google has become a verb and part of many people’s daily lives. But some politicians and regulators are now trying to stem that power by forcing it to unwind some of those acquisitions.

Last month, the Department of Justice announced a broad antitrust review of big-cap technology companies. In the months prior, Democratic presidential hopeful Sen. Elizabeth Warren proposed a plan that included divesting Google’s acquisitions of Nest, Waze and DoubleClick. In fact, Warren mentions the term “Google” 16 times in her proposal.

“Google has snapped up the mapping company Waze and the ad company DoubleClick,” Warren wrote. “Unwinding these mergers will promote healthy competition in the market — which will put pressure on big tech companies to be more responsive to user concerns, including about privacy.”

Here’s a rundown of the biggest and most successful buys Google has made since its IPO.

DoubleClick: The most obvious target for antitrust concerns is DoubleClick, which Google bought in 2007 for $3.1 billion. It provides a lot of the technology behind its core advertising business, which constitutes 80% to 90% of Alphabet’s total revenue — nearly $100 billion a year.

Waze: Google bought Israeli start-up Waze in 2013 for $1.1 billion, which has brought social traffic data that has helped Google Maps predict travel times and routes. Today, it has over 100 million monthly active users. Some argue that by owning both Waze and Google Maps, the company has too much control over mapping data

Nest: Google bought smart home company Nest for $3.2 billion in 2014. Since then, it has turned what was a smart thermostat product into Google’s home devices brand, which includes smart thermostats, smart lights and smart speakers. Earlier this year, watchdogs notified the Federal Trade Commission of data privacy concerns.

YouTube: Google paid $1.65 billion for the video-sharing site in 2006. At the time, it had fewer than 100 employees. While it’s grown to become Google’s second-largest revenue contributor, with estimated revenues of $15 billion a year, it still has too few employees to deal major issues it faces, according to lawmakers. Both sides of the aisle have increasingly vocalized their concern that the video platform has grown too big to properly control the spread of violent content and misinformation.

Android. Another successful buy was Android, which Google picked up in 2005 for $50 million. Open-sourcing Android helped allowed Google’s operating system to live on a variety of mobile devices from mobile carriers around the world, accounting for 85% of the smartphone market share, according to research firm IDC. Along the way, many Android resellers also picked up related Google mobile services like search and Gmail — and the mobile advertising revenue that goes with them.

As for acquisitions that didn’t work out so well, analysts have pointed to Slide, a social app developer that Google shut down two years after buying it for $182 million.

The grayer areas include Motorola, which at first seemed like a bust — Google paid $12.5 billion in 2011 and sold it for $3 billion two years later. But, it did give Google some useful patents to compete against Apple in the smartphone wars.

Follow @CNBCtech on Twitter for the latest tech industry news.


Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: jennifer elias
Keywords: news, cnbc, companies, google, warren, revenue, market, smart, googles, acquisitions, company, went, mobile, public, spotlight, billion, waze, 15


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