Apple Chief Executive Officer Tim Cook’s annual compensation increased by 28% in 2020 even as the coronavirus pandemic sparked a recession, according to filings.
Tim Cook’s 2020 compensation totaled $14.7 million, which was mainly comprised of performance-based pay, according to Securities and Exchange Commission (SEC) filings released Tuesday, Business Insider reported. While the coronavirus pandemic sparked a recession in the spring, Apple consistently reported positive financial figures including increased revenue and growth throughout 2020. Read More
Netflix is raising most of its U.S. prices by 8% to 13% as its video streaming service rides a wave of rising popularity spurred by government-imposed lockdowns that corralled people at home during the fight against the pandemic.
The increases imposed Friday boost the cost of Netflix’s most popular U.S. streaming plan by $1 to $14 per month, while a premium plan that allows more people to watch the service on different screens simultaneously will now cost $2 more at $18 per month. Netflix’s basic U.S. plan remains at $9 per month. It marks Netflix’s first price changes in the U.S. since an increase rolled out early last year. Read More
Apple has ramped up development of its own search engine technology as antitrust U.S. and European Union regulators scrutinize Google, according to a Financial Times report.
The Silicon Valley tech giant has subtly started the transition away from its reliance on the Google search engine, The Financial Times reported. Apple’s latest software update iOS 14, for example, directs users directly to links when they search for a term on their device’s home screen. Read More
Amazon, Apple, Facebook and Google have abused their monopoly power and must undergo significant restructuring, according to a House report released Tuesday.
Lawmakers who wrote the report said the four tech companies had grown into monopolies akin to “oil barons and railroad tycoons” and suggested an overhaul to U.S. antitrust laws, according to The New York Times. The lengthy report, spearheaded by Democratic Reps. Jerrold Nadler and David Cicilline, is the result of a 15-month House Judiciary Committee investigation into the companies collectively known as Big Tech. Read More
Apple is the first U.S. company to boast a market value of $2 trillion, just two years after it became the first to reach $1 trillion.
Apple shares have gained nearly 60% this year as the company overcame the shutdown of factories in China that produce the iPhone and the closure of its retail sales amid the coronavirus pandemic. Read More
Virginia has rolled out a smartphone app to automatically notify people if they might have been exposed to the coronavirus, becoming the first U.S. state to use new pandemic technology created by Apple and Google.
But hopes for a nationwide app that can work seamlessly across state borders remain unrealized, and there are no known federal plans to create one. State officials say their new app won’t work as well outside Virginia, at least until a group of coordinating public health agencies gets a national server up and running and other states join in. Read More
Friday’s widespread crashes of popular apps running on the iPhone’s iOS operating system — including Tinder, Spotify and Pinterest — serve as a reminder that Facebook is still tracking you through your phone using sophisticated software, even if you’re not browsing the social network.
Early Friday, users of the apps reported crashes when they tried to open them up. Facebook attributed the problem, which was quickly fixed, to a bug in its software development kit, or SDK, a tool developers use to integrate their apps with Facebook. Read More
Apple is closing 11 stores in Arizona, Florida, North Carolina and South Carolina that it had reopened just few weeks ago as coronavirus infections rates in some regions in the U.S. begin to rise.
The decision announced Friday is another sign that the pandemic might prevent the economy from bouncing back as quickly as some states have been hoping. Those concerns sent stocks on Wall Street lower Friday. Read More
Amazon, Twitter, and other major tech companies are facing intense criticism on antitrust issues and censorship claims in the months since government officials reportedly began asking for help from Silicon Valley on ways to tackle the coronavirus pandemic.
The president and lawmakers have turned their sights on Twitter and Amazon, respectively, while Texas Attorney General Ken Paxton and other attorneys general are reportedly ratcheting up their antitrust investigation targeting Google’s business model. The White House asked them in March to fight coronavirus disinformation while also assisting the government in its virus response. Read More
As the world grapples with the coronavirus pandemic, China has become infamous for its role in allowing the virus to spread. From misleading the World Health Organization about the virus’s contagious elements, restricting the access of global investigators to infected sites, and lying about their infection numbers, China single-handedly stole months of preparation from other countries that have been savaged by the disease.
China has also hoarded masks and personal protective equipment from desperate countries and threatened to withhold critical medicines relied upon by millions of Americans. Read More
Big tech companies began the Trump era as a foil to the president amid concerns the companies are politically biased, but many of them are becoming crucial cogs in the president’s virus response. Read More
A Michigan group seeking to expand discrimination protections for “sexual orientation and gender identity” cleared its first major hurdle Tuesday. Read More
by Chris White Apple’s voice-controlled assistant told the big tech company’s customers Saturday night that Israel President Reuvin Rivlin is the leader of the Zionist occupation state.” Someone changed Rivlin’s Wikipedia page to describe Israel’s president as the “main child of Israel,” Israel’s i24 News reported Saturday. Apple and Google often rely… Read More
Apple and its manufacturing partner, Foxconn, violated Chinese labor rules by hiring temporary workers to produce its latest iPhone model, a Chinese Labor Watch (CLW) report revealed Monday. Read More
President Donald Trump said Sunday that Apple CEO Tim Cook told him paying economic tariffs would make it difficult for his company to compete with the likes of Samsung. Read More
President Donald Trump said Friday on Twitter that Apple will “not be given Tariff wavers” for product parts made in China. Read More