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Tag Archives: morning

Apple is now a $1 trillion company

Apple's success hit a new milestone today: It's the first publicly traded trillion-dollar American company. Yesterday the firm announced an adjusted (higher) share count, and by this morning the stock price was rising with news that the company had a...

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The Morning Hype: Tesla Stock Up, Facebook Security Chief to Leave, and the World’s Highest Paid DJs – Nasdaq

Nasdaq The Morning Hype: Tesla Stock Up, Facebook Security Chief to Leave, and the World's Highest Paid DJs Nasdaq Facebook Chief Security Officer to Leave, There Will Be No Replacement (via The Verge). The Next iPad Could Look A Lot Like the iPhone (via Mashable ). DoJ Says They Found Hackers Who Stole Card Info from Chipotle, Chili's and Arby's (via Gizmodo).

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SpaceX lands Falcon 9 booster on Just Read The Instructions drone ship

SpaceX confirmed on Twitter this morning that it recovered the booster from the latest Falcon 9 launch. Shortly after launching from Vandenberg Air Force Base in Southern California at 7:39AM ET this morning, the booster stage landed on the Just Read The Instructions drone ship. The company will now try to catch the rocket’s fairing with a giant net attached to the ship Mr. Stevens. Despite challenging weather conditions, Falcon 9 first stage booster landed on Just Read the Instructions. — SpaceX (@SpaceX) July 25, 2018 SpaceX has become more adept at landing its booster rockets but it’s still a spectacle every time it happens. This landing is extra special as the winds were gusting around the time of the launch. The rocket company has so far been less successful with catching the payload shrouds. SpaceX’s high-speed recovery boat Mr. Steven took to the seas this time around with a larger net in the hopes of recovering the fairings. Reusing as much as possible is critical to SpaceX’s mission to lower the cost of space flight. Today’s launch was SpaceX’s seventh mission for the company’s client Iridium who contracted with SpaceX to launch 75 satellites into orbit. According to SpaceX, today’s payload of Iridium satellites so far deployed without an issue. SpaceX is contracted for one more launch with Iridium.

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Comcast drops its pursuit of Fox, making way for Disney acquisition

Comcast announced this morning that it’s halting its efforts to acquire the film and television assets of 21st Century Fox. Disney made a deal to acquire those assets last year, but after a district court judge approved the merger of AT&T and Time Warner (despite the antitrust-related objections of President Trump’s Department of Justice), Comcast announced another, higher bid . That, in turn, prompted Disney to make an even higher offer of $71.3 billion (split between cash and stock). With Comcast dropping out, it seems like this bid will go through — if it can get regulatory approval. Comcast says that instead of continuing to pursue a Fox acquisition, it’s focusing on its offer to acquire British satellite broadcaster Sky. Another possible factor: The DOJ says it’s appealing the court’s approval of the AT&T-Time Warner merger . “I’d like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for creating such a desirable and respected company,” Comcast Chairman and CEO Brian L. Roberts said in a statement. As of 10:08am Eastern, Comcast shares were up 2.85 percent and Disney shares were up 2.52 percent, while 21st Century Fox shares had dropped 1.68 percent.

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Netflix redesigns its TV interface with new navigation, full-screen trailers

Netflix this morning announced the launch of a new interface for those who watch the streaming service on TV. The updated design is aimed at improving navigation by way of a remote control, making it quicker to get to the content you want to watch. The change involves relocating some of Netflix’s key features like the “Search” button and users’ “My List” over to a ribbon menu on the left side the screen which pops out when you navigate over. Here, it has also added new shortcuts to “Movies” and “TV” to filter its catalog by films and shows, as well as a button to see what’s “New.” Related to this change, when you browse into a given section,  you’ll now see a full-screen preview of a top show or movie autoplaying above the rows of content suggestions. The company says the redesign was based on “rigorous research and testing” and should make Netflix simpler and more intuitive in a number of ways. The changes should be fairly welcome by TV viewers – except for those who despise auto-playing trailers, of course. As Netflix’s catalog has expanded over the years, it’s gotten more difficult to find something what to watch due to the paradox of choice. The service makes recommendations based on your past viewing history, and offers thematic groupings, like “Trending Now,” “Comedies,” “TV Dramas,” plus things like your “Top Picks”  and more, which will have you scrolling down endless rows of suggestions. But when you decide you want to start over and go back to your List or start a new search, you have to click, click, click on the remote to move back to those options. With the redesign, you’ll only have to click over to the side. It’s an obvious change – and Netflix even admits that – but says that it still took “extensive research, testing and technology improvements” to make it happen. The larger goal in simplifying navigation is to reduce the time users spend browsing, thereby increasing their viewership hours.

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Dutch payments company Adyen opens at €400/share, a pop of 67%, now valued at $16B

After raising €1.1 billion in its initial offering and pricing its shares at €240 each last night, Adyen , the Dutch payments company, went public today with a bang. It  opened for trading this morning on Amsterdam’s Euronext exchange at €400 a share, an impressive jump of 67 percent. The share price closed at €462.50 — over 92 percent up on its price last night —  giving it a market cap of over €13.6 billion, or $16 billion at current exchange rates. It’s gone as high as €503.90 today. The number moved between about €15 billion and €16 billion throughout the day. This all represents a big jump on Adyen’s valuation. In a statement  last night announcing its initial offer price of €240 per share, Adyen said the figure implied a market capitalization of €7.1 billion, based on the current number of Shares outstanding. The writing may have been on the wall for its strong performance this morning even then. Adyen said yesterday that the offering  was “multiple times oversubscribed… with strong demand from institutional investors globally.” Adyen is selling between 12 percent and 13.4 percent of its issued and outstanding shares, the latter figure representing i f the over-allotment option is exercised in full. Adyen’s strong performance underscores both the strength for tech IPOs at the moment, as well as the strength of Adyen’s payment story specifically. For the year ended December 31, 2017, Adyan generated net revenue of €218 million, a rise of 38 percent over the year before. Perhaps more importantly (when you compare it to other payment startups that have recently gone public, such as Square) it is profitable. Adyen last year had an EBITDA of €99 million, giving it an EBITDA margin of 45.5 percent. Signs are pointing to more growth, too. The company counts fast-growing tech companies like Uber and Netflix among its customers, and earlier this year it picked up a key client in the form of eBay , which is swapping in Adyen instead of spun-out business PayPal as its primary payment provider.

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