Facebook chief executive Mark Zuckerberg will tell a major antitrust hearing on Wednesday that the internet giant would not have succeeded without US laws fostering competition, but that the rules of the internet now need updating.
Apple has rattled investors with news that its sales have been slowing, blaming economic weakness in China. In a surprise disclosure, the iPhone maker said it anticipated revenue of about US$ 84bn for the three months to 29 December. In November it forecast sales of at least US$ 89bn - a prediction that had already disappointed investors.
The public dispute in the United States between the Justice Department and Apple continued Monday as the tech giant called on the government to withdraw its demand for help in unlocking a phone used by one of the shooters in December’s terrorist attacks in San Bernardino, Calif., and instead let a commission of experts discuss the issue.
Steve Jobs took home 1 dollar a year for serving as Apple's CEO. The company's new leader, Tim Cook, is getting a richer deal. Apple's board has given Cook a restricted stock grant of 1 million shares, Apple reported late Friday in a regulatory filing. Those shares have a market value of 383.6 million dollars, based on the stock's closing price on Friday.