Apple repair facility in California made about 1,600 false alarm 911 calls since October

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Emergency dispatch centers in Elk Grove and Sacramento, Calif., have over the past four months seen an increasing number of false alarm calls originate from an Apple facility in the area, with workers there fielding about 20 such calls per day.
AppleInsider – Frontpage News

Snap CEO Evan Spiegel sold $50 million in stock this week, his first public sale since the IPO

The founder of the communications app is worth about $ 4.5 billion.

Snap CEO Evan Spiegel sold roughly 2.7 million shares of stock last week, worth more than $ 50 million, which is his first personal stock sale since Snap went public last March.

The sale, which was executed as part of a pre-arranged sales plan that executives often use to avoid concerns over insider trading, was a small amount of Spiegel’s over holdings — a little more than 1 percent.

It’s not uncommon for public company executives to sell stock, but Spiegel’s sale is notable given that it’s his first since the company’s IPO. Spiegel and co-founder Bobby Murphy had previously pledged not to sell any shares in 2017, a promise intended to soothe any potential investor concerns around the time Snap’s employee lockup period ended.

Decisions by public company CEOs about when and how to sell their stock can be meaningful. Facebook’s Mark Zuckerberg rarely sold stock; until he started doing so to fund his philanthropy; now he sells regularly, so much so that he initially tried to split Facebook’s stock in order to ensure he could keep selling without losing company control. Twitter’s Jack Dorsey, on the other hand, has actually purchased stock on multiple occasions as a more symbolic way of showing faith in the company.

It’s too soon to know what Spiegel’s cadence will be, although he’s not in jeopardy of losing control of Snap: Spiegel and Murphy controlled a combined 88.5 percent of Snap’s voting power at the IPO. Spiegel’s net worth is around $ 4.5 billon.

Recode – All

For the first time since its inception, Apple Watch overtook Fitbit in annual sales

For the first time since its April 2014 debut, Apple Watch has managed to overtake Fitbit in terms of annual sales—a major milestone for Apple’s wearable device, especially when you take into account all of the inexpensive fitness bands, watches and tracking device Fitbit is selling…. Read the rest of this post here

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Apple marks completion of new campus with first corporate address change since 1993

On the heels of this past Tuesday’s annual shareholders meeting, Apple has made the transition to their new campus official by changing the company’s corporate address to One Apple Park Way. The change comes just weeks after Apple was given occupancy permits for several sections of the main campus building.



Apple on engineer hiring spree, with steady expansion since 2016

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Data gleaned from Apple’s job postings suggests that the company has amped up its hiring of hardware engineers, with an 80 percent increase in staffing needs from the fall of 2016 to the start of 2018.
AppleInsider – Frontpage News