Facebook, Inc. (NASDAQ:FB) co-founder Dustin Moskovitz currently has sold 5.7 million shares of the company’s stock, which is a small fraction of his total holdings. The shares were sold on Wednesday, Thursday, and Friday generating over $108 million.
Apple Inc. (NASDAQ:AAPL) is prepared this week to have one of its classic big announcements, and it is widely expected to be the launch of the next iPhone. The company continues to be very tight-lipped regarding what is being debuted. However, this has left a huge clue about the plan on its invitation for this Wednesday, with the event date casting the shadow of a large “5” in the foreground. Apple chief executive Tim Cook stated this past spring that Apple would “double down” in regards to secrecy surrounding new products, but this has not stemmed the tide of rumors circulating about what’s in the new phone. When comprising information from leaks and other reports, the next iPhone seems to probably have a larger screen, LTE-capability, a thinner profile, a faster processor and no near-field communication reader. The majority of these changes are expected to bring the iPhone in line with other smartphones on the market.
Google Inc. (NASDAQ:GOOG): Two companies he begun a battle to become the pre-eminent online mall. E-commerce sites large and small have been caught up in the cross-fire. Consumers are concerned with whether or not they are to see a full range of products available online. Google remains a search engine, not a store, but it continues to inch into e-commerce with products such as its comparison-shopping service, Google Shopping. Simultaneously, more people have been using Amazon, a retailer, as a search engine to search for the items they wish to buy. Attempting to hold off Amazon’s competition, Google has recently changed Google Shopping to require e-commerce companies to pay for inclusion in shopping results, so product listings are now ads. Inclusion was previously free.
Microsoft Corporation (NASDAQ:MSFT) is expanding its brick-and-mortar retail footprint with the addition of over 30 new locations for the holiday season. Now, the company is putting preparations in place to meet expected Windows 8-enabled device demand this fall. Microsoft stated that it will launch its holiday stores nationwide, with locations planned from New York City, San Franciso, Canada, and more. Microsoft has promised to announce more holiday store locations and details in the near future.
Intel Corporation (NASDAQ:INTC) pushes for new applications for its Atom series processors, according to DigiTimes, citing sources from the server industry that has recently set its sights on the low-power-consuption server market.
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