Tag Archive for billion

‘The Lion King’ is now the highest-grossing animated movie of all time

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Frozen has held the record for the highest grossing animated film for nearly six years, but now it’s going to have to let it go. (Sorry.)

The Lion King has surpassed the long-ruling princesses of Arendelle, hitting a global box office of $1.334 billion as of Aug. 11 after opening in Japan — which puts it above Frozen‘s $1.276 billion, according to BoxOfficeMojo.

This year’s “reimagining” of the beloved 1994 classic had a pretty lukewarm reception from critics, but the combination of 90s…

‘The Lion King’ is now the highest-grossing animated movie of all time

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Frozen has held the record for the highest grossing animated film for nearly six years, but now it’s going to have to let it go. (Sorry.)

The Lion King has surpassed the long-ruling princesses of Arendelle, hitting a global box office of $1.334 billion as of Aug. 11 after opening in Japan — which puts it above Frozen‘s $1.276 billion, according to BoxOfficeMojo.

This year’s “reimagining” of the beloved 1994 classic had a pretty lukewarm reception from critics, but the combination of 90s…

Alphabet dethrones Apple as the most cash-rich company

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For the first time in a decade, Apple is not the world leader in terms of how much cash it has on hand. 

The baton has passed to Google parent company Alphabet, which now has $117 billion net cash, compared to Apple’s $102 billion, the Financial Times reported Thursday. 

This does not mean Alphabet has been doing vastly better than Apple; it’s more a matter of different strategies between the companies. Apple, which in 2017 held a record $163 billion, has been reducing its cash mound on…

Following record FTC fine, Facebook stock pops on Q2 earnings beat

Hours after receiving a record $5 billion FTC fine on privacy violations, Facebook delivered a Q2 earnings beat with revenue of $16.9 billion with $1.99 adjusted EPS compared to the Zacks Consensus Estimate of $1.90 EPS on revenue of $16.45 billion.

Facebook reported it has 1.59 billion DAUs and 2.1 billion daily active users of its family of apps. The U.S. & Canada and Asia-Pacific contingents continued to see nearly flat growth while the company saw quicker growth in its European and…

Facebook says it’s under antitrust investigation by the FTC

Facebook’s investors were not fazed by the announcement of a $5 billion FTC fine after baking it into share price expectations, but Facebook’s admission that it was now under investigation by the FTC over antitrust issues was a surprise.

Facebook detailed in its Q2 earnings release that it has paid the record fine and agreed to certain privacy stipulations, but a short sentence in the release also detailed that the company’s FTC troubles may continue.

Following record FTC fine, Facebook stock pops on Q2 earnings beat

Hours after receiving a record $5 billion FTC fine on privacy violations, Facebook delivered a Q2 earnings beat with revenue of $16.9 billion with $1.99 adjusted EPS compared to the Zacks Consensus Estimate of $1.90 EPS on revenue of $16.45 billion.

Facebook reported it has 1.59 billion DAUs and 2.1 billion daily active users of its family of apps. The U.S. & Canada and Asia-Pacific contingents continued to see nearly flat growth while the company saw quicker growth in its European and…

Facebook says it’s under antitrust investigation by the FTC

Facebook’s investors were not fazed by the announcement of a $5 billion FTC fine after baking it into share price expectations, but Facebook’s admission that it was now under investigation by the FTC over antitrust issues was a surprise.

Facebook detailed in its Q2 earnings release that it has paid the record fine and agreed to certain privacy stipulations, but a short sentence in the release also detailed that the company’s FTC troubles may continue.

Why Apple buying Intel’s modem business is a big deal for the iPhone

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It’s finally happened. After months of speculation, Apple has confirmed its plans to buy Intel’s smartphone modem business in a deal worth $1 billion. 

The acquisition, which hasn’t been finalized, is Apple’s second-largest in its history. (The record is still held by Beats, which Apple bought for $3 billion in 2014.) As part of the deal, Apple says more than 2,000 Intel employees will join its ranks. (Note that Apple is only acquiring Intel’s smartphone modem business. The chipmaker, which…

Why Apple buying Intel’s modem business is a big deal for the iPhone

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It’s finally happened. After months of speculation, Apple has confirmed its plans to buy Intel’s smartphone modem business in a deal worth $1 billion. 

The acquisition, which hasn’t been finalized, is Apple’s second-largest in its history. (The record is still held by Beats, which Apple bought for $3 billion in 2014.) As part of the deal, Apple says more than 2,000 Intel employees will join its ranks. (Note that Apple is only acquiring Intel’s smartphone modem business. The chipmaker, which…

Why Apple buying Intel’s modem business is a big deal for the iPhone

TwitterFacebook

It’s finally happened. After months of speculation, Apple has confirmed its plans to buy Intel’s smartphone modem business in a deal worth $1 billion. 

The acquisition, which hasn’t been finalized, is Apple’s second-largest in its history. (The record is still held by Beats, which Apple bought for $3 billion in 2014.) As part of the deal, Apple says more than 2,000 Intel employees will join its ranks. (Note that Apple is only acquiring Intel’s smartphone modem business. The chipmaker, which…