After Apple’s third-quarter numbers came in, it seems as though the tech behemoth is on pace to become the country’s first trillion dollar company. Apple raked in $53.3 billion this quarter raising its market value to $960 billion. Apple could potentially hit the trillion dollar mark by the next quarter when it rolls out its
Shareholders from Fox and Disney recently met up separately to vote on the merger involving both companies. Reports noted that 99% percent of the Disney shareholders voted to approve the acquisition of 21st Century Fox. According to Variety, only one voter protested Disney purchasing Fox, saying the company was “overpaying for Fox.” ——————————————————————————————— In a
Chick-Fil-A announced Monday that the chain would be selling meal kits in 150 Atlanta locations, lasting through mid-November. As Chick-Fil-A makes its foray into the meal-kit market, their menu includes chicken flatbread, crispy dijon chicken, chicken parmesan, chicken enchiladas and pan-roasted chicken. The meals are said to take 30 minutes to make. Michael Patrick, a
The ‘Fortnite’ game is on a path towards generating $2 Billion this year. Because of that, Epic Games will reportedly be worth $5 to 8 billion. The gaming phenomenon, Fortnite, has reportedly made over $1 billion from in-game purchases according to market research firm SuperData Research. The report shows that Fortnite’s overall popularity continues to
The gaming phenomenon, Fortnite, has reportedly made over $1 billion from in-game purchases according to market research firm SuperData Research. The report shows that Fortnite’s overall popularity continues to trend upward as well. This information surfaces not long after Sensor Tower reported that Fortnite made over $100 million on in-app purchases on its iOS platform.
Amazon CEO Jeff Bezos is now the richest man in modern day history. According to Bloomberg, Bezos has a net worth of $150 billion ($55 billion more than Bill Gates). In fact, he is worth more than Gates and Larry Page (Google co-founder) combined. Bezos owns 16% of Amazon’s shares (some of which he sold).
Merck Mercuriadis started his own music IP investment company called Hipgnosis Songs, and the first person he signed was multi-talented entertainer The-Dream. The deal allows Hipgnosis to acquire 75% of The-Dream’s catalog for $23 million. Some of the songs in The-Dreams catalog, which he will retain 25% of, includes co-writing credits on Justin Bieber’s “Baby,”
According to Bloomberg, Instagram is estimated to be worth over $100 billion. Facebook was purchased in 2012 and reached 1 billion active users per month. Bloomberg noted that Instagram is gaining new users faster than the main Facebook site, and is expected to get over two billion users in the next five years. It was
In a landmark decision, Canada has legalized recreational marijuana becoming the second country to make the decision after Uruguay back in December 2013 and the first of the G7 nations. The Cannabis Act passed with a vote of 52-29 on Tuesday with the bill gives the Canadian government control over the cultivation, distribution, and selling
The International House of Pancakes is changing their name. IHOP, which has been a staple in breakfast foods for 60 years, took to Twitter to announce that they will be changing their name. In a tweet, IHOP wrote, “For 60 pancakin’ years, we’ve been IHOP. Now, we’re flippin’ our name to IHOb. Find out what
