Thursday, May 25, 2017

Are Apple Inc. (AAPL) and Visa Inc (V) in Trouble With Apple Pay Lawsuit?

AAPL stock barely flinched when news of the lawsuit surfaced

Source: iPhoneDigital (Flickr)
Both Wall Street and consumers alike have become numb to breaking news stories involving the world’s gigantic corporations. It’s near impossible to scroll through the day’s business headlines or — gasp! — pick up an actual newspaper without coming across at least a handful of articles and stories describing how this company is suing that one, or this company stole trade secrets from that one, or somehow otherwise wronged somebody somewhere.

The technology industry is no stranger to lawsuits, either, so when news surfaced on Monday of the most recent filing against Apple Inc. (NASDAQ:AAPL), consumers shrugged their shoulders and Wall Street analysts shook their heads.

The New York Times first broke the story and explained the lawsuit filed by Universal Secure Registry CEO Kenneth Weiss against both Apple and Visa Inc (NYSE:V), which claims the two companies have infringed on existing patents since the 2014 release of Apple Pay and continue to do so without license, concern for or acknowledgement of Weiss’ legal standing.

Tuesday, May 02, 2017

Twitter, Inc. (TWTR) Stock Isn’t Done Running With Bloomberg

TWTR stock jumped another 4% on Tuesday to continue a torrid weeklong rally. Could a UFC joiner be next?

Source: Esther Vargas (Flickr)
Twitter Inc (NYSE:TWTR) is partnering with Bloomberg Media to launch its first permanent streaming channel, and Wall Street is downright giddy. TWTR stock has jumped by double digits in the past two days alone, including a 4% bump in Tuesday morning’s trade.

There are still a number of details that must be worked out, many of which will remain confidential, but the channel is expected to go live later this fall.

This round-the-clock Bloomberg TWTR channel will, apparently, be comprised of live news reports and coverage from five separate outlets, as opposed to simply a re-broadcast of other Bloomberg content. Justin Smith, Bloomberg Media CEO, told the Wall Street Journal, “It is going to be focused on the most important news for an intelligent audience around the globe and it’s going to be broader in focus than our existing network.”