Unsplash, tech’s favorite stock image site, now has an iOS app

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Unsplash, the apparent stock image database of choice for Silicon Valley companies, is launching an iOS app for creators and hobbyists to browse through catalogs of high quality photos to use in a creative project or any other personal use. Today’s launch is Unsplash’s third foray into apps — it launched a macOS app last year solely designed for rotating wallpapers on a Mac computer, and a similar app for the Apple TV in 2016.

The new mobile app is optimized to be best used with an iPad — users can drag photos they like to the lower left corner to download the image, or use multi-screen mode to drop the picture into a project file they’re working on. Unsplash fills its database with stock images from a community of photographers willing…

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Apple Executives Receive Stock Worth Up to $22 Million as RSUs Vest

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Seven Apple executives this week received major stock awards after restricted stock units or RSUs awarded in 2014 and 2015 vested.

Apple issues RSUs to its executives as bonus compensation, with the restricted units vesting after a set period of time as long as the employee stays with the company.


Phil Schiller, Dan Riccio, Jeff Williams, and Eddy Cue all received 130,117 shares, worth more than $22 million at Apple’s current price per share. Luca Maestri, Angela Ahrendts, and Craig Federighi all received ~77,000 shares.

Shares received by each were originally awarded on March 3, 2014; October 17, 2014; and October 5, 2015, with Riccio, Williams, Cue, and Schiller receiving stock from all three dates and Maestri, Ahrendts, and Federighi receiving stock from the October awards. The March 2014 award has now fully vested for employees who received it, while employees who received the other two rewards will see additional shares vest on April 1, 2019 and April 1, 2020.

A portion of each award was withheld by Apple to satisfy tax withholding requirements on vesting of restricted stock units.

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Apple executives reap payouts of up to $22 million as restricted stock units vest

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As reported in new filings with the U.S. Securities and Exchange Commission today, a handful of top Apple executives today received large stock awards due to the company’s continued strong performance.

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Top Apple execs earn nearly $22M each in vested stock

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Apple’s annual bonus structure paid out for seven top executives last week with the vesting of batches of restricted stock grants worth up to nearly $ 22 million.
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Spotify Valued at $29.5 Billion as Stock Begins Trading at $165.90 Per Share

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Spotify, Apple Music’s main competitor, this morning opened on the New York Stock Exchange at $165.90 per share, valuing the company at $29.5 billion.

When Spotify filed to go public in February, CNBC estimated the company’s valuation at ~$23 billion based on private trades that had reached as high as $132.50. Spotify used the $132 per share figure as its reference price, which would have given the company a $23.5 billion valuation.


As noted by TechCrunch, Spotify is not selling its shares on the stock market and is not raising money today. Its direct listing is instead a collection of transactions from existing shareholders selling shares to stock market investors.

Spotify employees are allowed to sell their shares right away, unlike with a traditional IPO, which could lead to volatility in the coming weeks.

As of December 31, 2017, Spotify had 159 million active monthly users and 71 million premium subscribers, which Spotify says is “double the scale” of Apple Music. Apple as of February boasted 36 million paying subscribers.

In an appearance on CBS This Morning, Spotify cofounder and CEO Daniel Ek today discussed the company’s public offering and a recent report from The Wall Street Journal suggesting Apple Music is on track to overtake Spotify in U.S. subscribers.

In response, Ek said that because Spotify is twice the size as Apple Music, the company “still has some room.” Ek said that he’s “very happy” with the growth that Spotify is seeing. The music industry, he says, is too big for Spotify alone.

“What we’ve found is that when we’ve got competition, it actually grows the market because more people are now talking about streaming. It’s easy to forget that just three years ago, even in the U.S., streaming wasn’t a thing,” he said.

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Spotify stock reference price set at $132 a share, placing company valuation at $23.5 billion

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

Spotify, the world’s largest music streaming service, went public this morning, trading under ticker name SPOT, with the New York Stock Market setting its reference price at $ 132 a share. That puts the company value at $ 23.5 billion, and is on target with what CNBC reported last month when shares were traded on private markets were for as high as $ 132.50 a share. Spotify’s last valuation was at $ 8.4 billion when it raised a financing round of $ 400 million back in 2015.

Sweden-based Spotify is available in 61 countries with an overall user base that includes ad-supported free listeners of 159 million, and 70 million paying users as of January 2018. The company was founded in 2006 by Martin Lorentzon and Daniel Ek, who remains its current…

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Recode Daily: Amazon stock rebounds — as it always does — after Trump’s early-morning tweet attack

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Plus, Facebook’s bad month keeps getting worse, the subject of the “Serial” podcast is getting a new trial, and the finest eggs tech money can buy.

Trump took to Twitter to attack Amazon, which he accused of paying “little or no taxes.” His tweet sent Amazon’s stock down about 4 percent, but it rebounded within a few hours, as it always does after a Trump tweet makes it fall. [Michael Sheetz / CNBC]

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Facebook’s bad month keeps getting worse — this time because of a leaked internal memo by one of the company’s top executives that suggests, among other things, that Facebook’s mission to connect people is more important than user safety. Yesterday, Facebook outlined a more detailed plan to fight election interference in the 2018 midterms. [Kurt Wagner / Recode]

Snap is undergoing its third round of layoffs this year, cutting around 100 more people, most of them in sales. The company, which went public just over a year ago, restructured its content teams in January and laid off around 120 engineers earlier this month. [Kurt Wagner / Recode]

What do Donald Trump, the Crown Prince of Saudi Arabia and the owner of the National Enquirer have to do with each other? [New York Times]

The subject of the “Serial” podcast, Adnan Syed, has been granted a new trial in the case of the murder of his high school classmate Hae Min Lee. Syed was convicted in 2000 and has been in prison for 19 years; his case attracted international attention in 2014 when it was featured on the groundbreaking podcast. [Kevin Rector and Justin Fenton / The Baltimore Sun]

If the timeline Waymo rolled out this week is correct, autonomous vehicles will transform urban life by 2020. That’s the company’s way of saying, “Get ready, this is really happening.” This is autonomous driving at scale, and not in five years or 10 years or 50 years, but in two years or less. Meanwhile, carmakers Daimler and BMW are combining their car-sharing businesses into a joint venture to better compete with Silicon Valley companies out to upend the traditional automotive industry. [Alexis C. Madrigal / The Atlantic]

Top stories from Recode

China looked at investing in SoftBank’s $ 100 billion tech fund.

The Vision Fund has ratcheted back some of its ambitions in China due to political considerations.

Tim Cook’s advice to his younger self: “The joy is in the journey.”

“Our purpose is to serve humanity.”

What this Silicon Valley VC learned on the “Rust Belt Safari.”

There are plenty of ways for tech to play in the “comeback cities” of the U.S. heartland.

What will we do without Lauren Goode?

For her final Recode podcast as co-host, Goode counts down her favorite episodes of Too Embarrassed to Ask.

This is cool

The finest eggs tech money can buy.

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Amazon’s stock always recovers after a Trump tweet makes it fall

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In the past year, Amazon’s average daily price change has been about 0.3 percent.

Today President Trump again took to Twitter to accuse Amazon of paying “little or no taxes.” His tweet sent the stock down about 4 percent this morning as investors feared Trump could raise taxes on the e-commerce company or try to break it apart.

But, just a few hours later, the stock has recovered and is up about 1 percent today. In fact, that’s the recurring theme to any Trump-induced stock plunge for Amazon. After it falls, it always recovers, either within a few hours, or up to a month at the longest count.

In the past year, Amazon’s average daily price change has been about 0.3 percent, so sending the stock down several percentage points is a big drop. However, the fall is usually short-lived, like today:

march 29 trump tweet amazon

As you can see, after this morning’s tweet, Amazon stock came back up to pre-tweet levels at around 1:30 pm.

(Yesterday, there was another Trump-induced Amazon’s stock plunge after a news report outlined his obsession with reining in Amazon. That sent the stock down about 5 percent, but, technically, that wasn’t a tweet.)

Below is a look at some of Trump’s other tweets about Amazon and how the stock has behaved in their wake. It’s important to note that there are lots of other things going on in the world besides Trump’s tweets that could affect the stock, but the president certainly has an impact.

December 29 2017 Trump tweet
August 16 2017 Trump amazon tweet
July 24 2017 trump tweets about amazon
June 28 2017 trump tweets amazon

In general, these tweets seem to have no lasting effect on Amazon’s stock price. In the last twelve months, the stock has climbed 67 percent:

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OnePlus 5T stock for North America has run dry, no more planned

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OnePlus’ 5T has been in and out of stock at the company’s website for the last couple weeks, and it turns out that’s not a fluke. Engadget has confirmed that the company has run out of all its North American stock in just four months. If you didn’t manage to grab one new from the OnePlus store, 3rd party resellers and used phones are now your only option. 

The 5T has had a wild ride.

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OnePlus 5T stock for North America has run dry, no more planned was written by the awesome team at Android Police.

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Chinese Redmi Note 5 stock depleted minutes

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The Chinese version of the Xiaomi Redmi Note 5 went on sale earlier today and went out of stock in just a few minutes. This is not unusual thing, as the first batches are in very limited quantities and there is a whopping number of people waiting on the BUY button. The Chinese Redmi Note 5 is an upgraded Redmi Note 5 Pro available in India. It has the same design, 6″ screen and Snapdragon 636 chip. But it packs an upgraded AI-driven imaging experience with a 13MP selfie camera and a bigger 12MP sensor with dual-pixel AF on the main snapper with brighter lens. The new model also runs on…

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