Trump Takes Aim at Amazon, and Shareholders Run for the Hills

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The only person in the world who isn’t furious at Facebook? President Donald Trump.

He reserves his ire for Amazon, according to a report from Axios. And the news has Amazon shareholders running scared.

According to one of the five sources Axios talked to for their report, Trump can’t stop thinking about the online retailer. “He’s obsessed with Amazon,” the source said. “Obsessed.”

The claims Axios’s sources make are pretty wide-ranging.

One claims the POTUS has mused aloud about “[going] after Amazon with antitrust or competition law.” Another details Trump’s belief that Amazon is getting “a free ride from taxpayers.”

According to the sources, Trump is also very aware that Amazon CEO Jeff Bezos owns The Washington Post, which he views “as Bezos’ political weapon.”

trump hates amazon
Image Credit: Amazon

Hours after Axios’s report went live, shares of Amazon stock fell as much as 7.4 percent — about $ 53.6 billion of Amazon’s market value, according to Reuters.

“With Facebook and regulatory worries, the last thing nervous tech investors wanted to see was news that Trump is targeting Bezos and Amazon over the coming months as this remains a lingering cloud over the stock and heightens the risk profile in the eyes of the Street,” GBH Insights analyst Daniel Ives told Reuters.

Important to note: Trump hasn’t actually done anything that could put Amazon’s future in jeopardy. This movement in the market is simply based on the news that he wants to do something.

The acts of skittish investors show that, if Trump gets his way, Amazon could be in even bigger financial trouble.

The post Trump Takes Aim at Amazon, and Shareholders Run for the Hills appeared first on Futurism.

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Cash For Apps: Make money with android app

027: Shareholders meeting recap, Kevin Durant on Apple TV, HomePod tips | 9to5Mac Daily

Today we’ve a recap of Apple’s 2018 meeting of shareholders from Steve Jobs Theater, Apple picking up a new TV show starring NBA’s Kevin Durant, and two useful HomePod tips.

9to5Mac Daily is available on iTunes and Apple’s Podcasts app, Stitcher, TuneIn, Google Play, or through our dedicated RSS feed for Overcast and other podcast players.

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9to5Mac

Voters shoot down human rights committee proposal at Apple shareholders meeting

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A proposal to create an Apple human rights committee was defeated in voting during Tuesday’s shareholders meeting, AppleInsider can confirm.
AppleInsider – Frontpage News

Highlights of Apple’s 2018 Shareholders Meeting

Apple’s annual shareholders meeting took place at the Steve Jobs Theater at Apple Park this morning, with shareholders gathering to vote on proposals and ask questions of Apple executives.

Apple does not live stream its shareholders meetings, but several members of the press, such as CNET‘s Shara Tibken and Business Insider‘s Kif Leswing, were at the event and shared details on what was covered on Twitter.

Image via Shara Tibken

Much of the meeting was spent discussing shareholder proposals, several of which were routine proposals direct from Apple for re-electing the board of directors, compensating executives, appointing Ernst & Young LLP as Apple’s public accounting firm, and approving the non-employee Director Stock Plan. All of these passed with more than 95% approval.

Two proposals from shareholders, one that asked Apple to implement more relaxed rules for letting shareholders nominate directors to the board and another asking Apple to form a human rights commission were defeated. 32 percent of shareholders voted in favor of the first, while just 5.6 percent voted in favor of the second.

During a Q&A session, and during the proposal discussion portion of the shareholders meeting, Apple CEO Tim Cook made a few interesting comments worth highlighting, though much of what was said was a repeat of comments made during Apple’s Q1 2018 earnings call earlier this month.

– iPhone X customer satisfaction is at 99%.

– Apple’s wearables business, which includes AirPods, Beats, and Apple Watch, is “approaching” the size of a Fortune 300 company. Earlier this month, Cook said it was the size of a Fortune 400 company.

– Apple acquired 19 companies in 2017 (10 of those are known, nine unknown).

– Across all products, Apple holds almost a quarter of a billion subscriptions.

– On the topic of Telegram being briefly removed from the App Store earlier this month for elicit content, Cook said Apple has “always curated [Apple’s] properties.” Apple keeps pornography, terrorism, and other questionable content out of the App Store. “I think people are coming around to that actually being a good thing,” said Cook.

– Apple has internal candidates ready to succeed Tim Cook, which is a topic that comes up at every shareholders meeting.

– Cook said mobile payments have “taken off slower than I personally would have thought.” Adoption is speeding up though in key countries like China and Russia. Cook also said he hopes he’ll still be alive “to see the elimination of money.”

– On a question about special dividends, Cook said he’s “not a fan,” but Apple is committed to increasing dividends each year. Apple will provide more info on its capital return program in April.

– On the topic of retail stores, Cook said Apple doesn’t believe physical stores will go away. “We believe that interaction with people still beats anything,” he said.

– Apple won’t open its main ring-shaped building at Apple Park for tours because “we have so much confidential stuff around.” “Keeping stuff confidential is the bane of my existence now,” said Cook.

Shareholders also asked a few frivolous questions, which ate into the Q&A time and limited what we heard from Apple executives. One asked about Apple’s work in oral health, a topic Cook said Apple isn’t focusing on, while another asked when Apple will introduce a waterproof iPhone (iPhones have been water resistant since the iPhone 7).

There was a question on Blockchain, which Cook avoided, and one investor, still using iOS 9, abstained from voting on board re-election because of Apple’s “bad” software updates that have removed features. “I’m not gonna sell my stock or buy the competitor’s stuff because it’s even worse,” he said.

Apple holds its shareholders meetings on an annual basis, with the next one scheduled to take place in early 2019. This year’s meeting had limited attendance due to the size limitations of the Apple Park theater, but shareholders not able to attend were able to vote on proposals by proxy ahead of the meeting.
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MacRumors: Mac News and Rumors – All Stories

Analysts say shareholders could win big from Apple’s overseas cash repatriation

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Apple’s plan to repatriate the majority of its overseas cash holdings to the United States will majorly benefit its shareholders, analysts claim, with the company expected to use part of the cash influx to increase its share buyback programs and significantly boost dividend payments.
AppleInsider – Frontpage News

Shareholders likely to see most of AAPL’s repatriated cash, say analysts, with $88B benefit

While taxpayers will welcome the $ 38B tax contribution Apple will make from the $ 245B foreign cash it plans to repatriate, AAPL shareholders are expected to be the biggest beneficiaries.

Analysts expect Apple to spend most of the money in three ways, with shareholders reaping the rewards …

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Apple shareholders urge company to address iPhone addiction in children


(Reuters) — Apple shareholders Jana Partners and the California State Teachers’ Retirement System are urging the smartphone maker to take steps to address what they say is a growing problem of young people getting addicted to Apple’s iPhones, Jana partner Charles Penner said.

Jana, a leading activist shareholder, and CalSTRS, one of the nation’s largest public pension plans, delivered a letter to Apple on Saturday asking the company to consider developing software that would allow parents to limit children’s phone use, the Wall Street Journal reported earlier on Sunday.

Jana and CalSTRS also asked Apple to study the impact of excessive phone use on mental health, according to the publication.

CalSTRS and Apple did not immediately respond to requests for comment.

Jana and CalSTRS together control about $ 2 billion worth of Apple shares, the Journal reports.

The social rights issue is a new turn for Jana, which is known for pushing companies it invests in to make financial changes.

However, the issue of phone addiction among young people has become a growing concern in the United States as parents report their children cannot give up their phones. CalSTRS and Jana worry that Apple’s reputation and stock could be hurt if it does not address those concerns, according to the Journal.

Half of teenagers in the United States feel like they are addicted to their mobile phones and report feeling pressure to immediately respond to phone messages, according to a 2016 survey of children and their parents by Common Sense Media.

The phone addiction issue got a high-profile boost from the former Disney child star Selena Gomez, 24, who said she canceled a 2016 world tour to go to therapy for depression and low self-esteem, feelings she linked to her addiction to social media and the mobile photo-sharing app Instagram.

(Reporting by Elizabeth Dilts; Editing by Lisa Shumaker)

Apple – VentureBeat

Shareholders Urge Apple to Tackle Smartphone Addiction

Two of Apple’s institutional shareholders have published an open letter calling for the company to do more to tackle the problem of smartphone addiction. Especially with regard to how it affects younger iPhone users. And while Apple could ignore this letter, it would be risky to do so. Smartphones are addictive. They offer myriad ways to be entertained, whether via mobile gaming, social networking, or just scouring the web. And yet young children are being handed smartphones and given carte blanche to use them as and when they want. This is dangerous. Help Parents Help Their Kids Institutional shareholders JANA…

Read the full article: Shareholders Urge Apple to Tackle Smartphone Addiction

iPhone and iPad – MakeUseOf

Shareholders ask Apple to study impact of iPhone addiction on young users

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A pair of major Apple shareholders have issued an open letter asking the company to study the impact of heavy smartphone use by children and teenagers, as well as offer more parental restrictions on iPhones.
AppleInsider – Frontpage News

Apple to hold annual shareholders meeting at Steve Jobs Theater in February

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Apple updated its investor website on Monday to announce details about the company’s upcoming shareholders meeting, which is scheduled to take place at Apple Park’s Steve Jobs Theater in February.
AppleInsider – Frontpage News