(Reuters Breakingviews) - Tim Cook’s charm offensive is coming just at the right...
The entrance sign to Facebook headquarters is seen in Menlo Park, California, on Wednesday, October 10, 2018. REUTERS/Elijah Nouvelage
Zuckerberg has proved a poor advocate for his company. His assertion of nonpartisanship has fallen on deaf ears, both Republican and Democratic. He has been summoned to testify before Congress twice in the last two years. Last week, his defense of Facebook’s Libra cryptocurrency project failed to allay skeptics’ fears.
But Apple’s huge, mature and complex business – worth over $1 trillion in market capitalization – means it has to play more defense. Over the last year, Apple’s stock has underperformed the Nasdaq 100 tech index. In the July to September quarter, Apple reported only 2% growth in its top line, and a 2% decline in Greater China sales.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple needs CEO charm more than FacebookTim Cook has Washington and even Beijing on side, while Mark Zuckerberg can barely speak without annoying someone in power – and Facebook is blocked in China. Yet since D.C. pressure ratcheted up a year ago, Zuckerberg’s stock has performed better. Diplomacy only goes so far.
Read more »
Stocks making the biggest moves after hours: Apple, Facebook, Lyft and moreSee which stocks are posting big moves after the bell on Wednesday.
Read more »
Jim Cramer: Investors must consider these two critical factors affecting Facebook and Apple'I'm sensing some skepticism ... creeping in about both of them and I suspect some of it has to do with twin constraints of time and government,' CNBC's Jim Cramer says.
Read more »
Apple Music Student Subscribers Will Get Apple TV+ for FreeDays after Verizon announced its deal with Disney+, Apple is unveiling a bundle of its own: free access to its upcoming Apple TV+ streaming service for anyone on the student tier of Apple Music
Read more »
Olive Oil Apple Cake with Spiced SugarThis dairy-free cake hits all the right autumnal notes: it’s earthy thanks to the olive oil, warm thanks to the spices. Just be sure to choose your apples wisely—a softer type will melt into the cake, while firmer apples (such as Granny Smith) will give the cake a coarser texture.
Read more »
All the lukewarm Apple TV+ reviews, from 'Morning Show' to 'Dickinson'Reviews are in for all the Apple TV+ shows, with 'Morning Show' leading the charge ahead of the streaming service's Friday launch. They're mostly just OK.
Read more »