GOOGL Jan 2020 1020.000 put

OPR - OPR Delayed price. Currency in USD
0.0500
0.0000 (0.00%)
As of 9:30AM EST. Market open.
Stock chart is not supported by your current browser
Previous close0.0500
Open0.0500
Bid0.0000
Ask4.1000
Strike1,020.00
Expiry date2020-01-17
Day's range0.0500 - 0.0500
Contract rangeN/A
Volume2
Open interest453
  • Netflix is still saying 'no' to ads
    TechCrunch

    Netflix is still saying 'no' to ads

    Despite ongoing speculation and investor pressure, Netflix is still declining to adopt an advertising-based business model as a means to boost its revenue, Netflix CEO Reed Hastings confirmed on Tuesday. The company on its Q4 earnings call again shot down the idea of an ad-supported option, with Hastings explaining there's no "easy money" in an online advertising business that has to compete with the likes of Google, Amazon, and Facebook.

  • Google Cloud lands Lufthansa Group and Sabre as new customers
    TechCrunch

    Google Cloud lands Lufthansa Group and Sabre as new customers

    Google's strategy for bringing new customers to its cloud is to focus on the enterprise and specific verticals like healthcare, energy, financial service and retail, among others. Its healthcare efforts recently experienced a bit of a setback, with Epic now telling its customers that it is not moving forward with its plans to support Google Cloud, but in return, Google now got to announce two new customers in the travel business: Lufthansa Group, the world's largest airline group by revenue, and Sabre, a company that provides backend services to airlines, hotels and travel aggregators. For Sabre, Google Cloud is now the preferred cloud provider.

  • Big Tech’s Lobbying Boost Reflects New Washington Hostility
    Bloomberg

    Big Tech’s Lobbying Boost Reflects New Washington Hostility

    (Bloomberg) -- Four of the five biggest U.S. technology giants boosted their lobbying spending last year as they battled charges of unfair competition, sought to shape privacy legislation and pursued large government contracts in an increasingly hostile Washington.The five biggest tech companies by market value -- Apple Inc., Microsoft Corp., Alphabet Inc., Amazon.com Inc. and Facebook Inc. -- shelled out $62.2 million in 2019, 3% less than what they spent the year before.The overall drop was driven by Alphabet Inc.’s Google. It reported a 44% decline in 2019 spending, to $11.8 million from $21.2 million. The company spent much of last year reshuffling its Washington office, including ending its relationships with more than a dozen lobbyists at six outside firms. It also replaced Susan Molinari, a former Republican House member, with Mark Isakowitz, a onetime GOP Senate aide, to head up its Washington policy shop.The disclosures, which are filed quarterly with Congress, include amounts spent to weigh in on legislation or other pressing matters before Congress, the White House and Executive Branch agencies. The reports were due Tuesday.Existential ThreatsWith their broad portfolios, U.S. tech companies have been worried about everything from Trump’s trade deals to stalled privacy legislation and drone regulations. But perhaps their most existential threats are the antitrust probes.The Justice Department and the Federal Trade Commission are reviewing the biggest internet platforms to determine if they are harming competition. The FTC is scrutinizing Facebook and Amazon, while the Justice Department is investigating Google and is also looking at Facebook.Large coalitions of state attorneys general are likewise considering cases against Facebook and Google.For more: Justice Department Questions Publishers in Ongoing Google ProbeIn addition, the House Judiciary Committee’s antitrust panel, led by Rhode Island Democrat David Cicilline, has a sprawling inquiry underway. Cicilline has hauled executives before his subcommittee and peppered the companies with exhaustive questions about their business practices.Facebook surged to the front of the pack among the tech behemoths. The social-media company spent $16.7 million last year, its highest-ever yearly spending and up 32% from $12.6 million in 2018. It lobbied on such issues as intellectual property, cybersecurity, privacy, cryptocurrency and election integrity, according to the annual lobbying disclosures.E-commerce giant Amazon was close behind Facebook, upping its spending to a record $16.1 million from $14.2 million. Despite the increase, its public policy shop has experienced a number of high-profile failures. In October, for example, Amazon learned that it lost a $10 billion Pentagon cloud contract to rival Microsoft.Amazon has blamed that loss on presidential meddling. Numerous parts of the “evaluation process contained clear deficiencies, errors, and unmistakable bias -- and it’s important that these matters be examined and rectified,” the company said in November.It doesn’t help that Amazon founder Jeff Bezos and President Donald Trump have been feuding since before Trump was elected and that Bezos owns the Washington Post, which Trump sees as one of his fiercest critics.Apple RecordApple’s $7.4 million lobbying outlay last year was also a record. That amount was up 10% from $6.7 million in 2018. Chief Executive Officer Tim Cook has had a better working relationship with Trump than have many of his tech rivals. He was among several dozen global tech leaders who attended a breakfast with the president at the World Economic Forum conference in Davos, Switzerland, on Wednesday.But Cook is also in the hot seat for his company’s refusal to help the FBI unlock an encrypted iPhone used by the Saudi air force student who allegedly killed three people at a Florida naval base.Microsoft, which spent $10.2 million on lobbying last year, up from $9.5 million the year before, has largely avoided the political pitfalls of its peers. Winning the Pentagon’s lucrative cloud contract was a major victory, considering its underdog status. In August, Pentagon vendors also were awarded a contract worth as much as $7.6 billion to provide Microsoft software to the Defense Department.The tech industry has become one of the biggest spenders in Washington. While the amounts pale in comparison with the billions in revenue each company receives and, in some cases now, their trillion-dollar market values, money can buy influence in the nation’s capital.The pharmaceutical industry is often singled out as the lobbying powerhouse of Washington. Its lead trade group, Pharmaceutical Research and Manufacturers of America, typically conducts the lion’s share of the industry’s lobbying; it spent $28.9 million in 2019, up slightly from $27.5 million in 2018.On a company level, the $34.7 million in spending by the five largest U.S. drug makers -- Johnson & Johnson, Merck & Co., Pfizer Inc., Bristol-Myers Squibb Co. and Eli Lilly & Co. -- was far less than the $62.2 million in lobby expenses by the five biggest tech companies.Big Tech also beat the biggest spender among the business lobbies, the U.S. Chamber of Commerce, which spent $58.2 million to lobby in 2019.Some of the big checks Facebook, Google and others are writing in Washington are going to lobbying firms and trade groups pushing industry-friendly privacy bills.Privacy PushThe industry hoped to see federal privacy legislation adopted last year, but that didn’t happen.California’s new privacy law went into effect Jan. 1, becoming the most influential U.S. privacy statute. New York, Washington State and others are considering their own privacy bills, which could create a patchwork of state privacy regulations, making compliance difficult for global tech giants.The tech companies, hoping to avoid that, are again lobbying Congress to adopt a federal privacy law before the 2020 elections.Chinese telecommunications company Huawei Technologies Co., after minimal outlays, started spending heavily on lobbying in the second half of last year as it found itself in the crosshairs of the Trump administration. In May, the Commerce Department placed the company on a blacklist designed to cut it off from U.S. suppliers.Huawei spent $1.1 million in the fourth quarter and nearly $3 million for the full year, up from $165,000 in 2018. The increase was primarily to pay lobbyist Michael Esposito, who touts his connections to Trump, though the president has said he doesn’t know him.Trade WarsIn the final months of 2019, companies and trade groups intensified their lobbying on international trade issues as the Trump administration sought to end the tariff war with China and pass a new trade deal with Mexico and Canada.Earlier this year, the U.S. and China signed what they billed as the first phase of a broader trade pact that commits China to do more to crack down on the theft of American technology and avoid currency manipulation. The Senate passed Trump’s U.S.-Mexico-Canada free trade agreement or USMCA, which replaced the North America Free Trade Agreement, following House passage late last year.The National Association of Manufacturers’ spending on federal lobbying rose to $8.4 million in the last three months of 2019, a nearly 313% jump compared with the third quarter, and $14.6 million in all of 2019. The trade group lobbied on both China and North American trade issues, according to its filings.(Updates with Facebook spending from second paragraph)\--With assistance from Naomi Nix.To contact the reporters on this story: Eric Newcomer in San Francisco at enewcomer@bloomberg.net;Ben Brody in Washington, D.C. at btenerellabr@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, ;Molly Schuetz at mschuetz9@bloomberg.net, Paula DwyerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Apple's (AAPL) Low-Cost iPhones Likely to Debut In March
    Zacks

    Apple's (AAPL) Low-Cost iPhones Likely to Debut In March

    Apple (AAPL) is expected to begin manufacturing of its unannounced affordable iPhone variant in February ahead of a public debut in March, per Bloomberg.

  • Google CEO Thinks AI Will Be More Profound Change Than Fire
    Bloomberg

    Google CEO Thinks AI Will Be More Profound Change Than Fire

    (Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.Google’s chief executive officer has left no doubt about how important he thinks artificial intelligence will be to humanity.“AI is one of the most profound things we’re working on as humanity. It’s more profound than fire or electricity,” Alphabet Inc. CEO Sundar Pichai said in an interview at the World Economic Forum in Davos, Switzerland on Wednesday.Alphabet, which owns Google, has had to grapple with its role in the development of AI, including managing employee revolts against its work on the technology for the U.S. government. In 2018, a group of influential software engineers successfully delayed the development of a security feature that would’ve helped the company win military contracts.Google has issued a set of AI principles that prohibit weapons work, but doesn’t rule out selling to the military. It has also pledged not to renew its Project Maven contract, which involves using artificial intelligence to analyze drone footage.Pichai, who’s led Google since 2015, took control of Alphabet after founders Larry Page and Sergey Brin stepped down from day-to-day involvement last month.“AI is no different from the climate,” Pichai said. “You can’t get safety by having one country or a set of countries working on it. You need a global framework.”Current frameworks to regulate the technology in the U.S. and Europe are a “great start,” and countries will have to work together on international agreements, similar to the Paris climate accord, to ensure it’s developed responsibly, Pichai said.Technology such as facial recognition can be used for good, such as finding missing people, or have “negative consequences,” such as mass surveillance, he said.Keith Enright, Google’s chief privacy officer, also spoke about the potential of artificial intelligence and machine learning to continue developing new technologies and services using a minimum amount of customer data.“We’re right now really focused on doing more with less data,” Enright said at a data-protection conference in Brussels on Wednesday. “This is counter-intuitive to a lot of people, because the popular narrative is that companies like ours are trying to amass as much data as possible.”Holding on to data that isn’t delivering value for users is “a risk,” he said.Powerful new European Union rules took effect across in May, giving privacy watchdogs the power to fine companies as much as 4% of annual global sales for serious violations. Google has come under scrutiny many times in Europe, with one probe in France resulting in a 50 million euro ($55 million) fine under the new law.Pichai had also stopped by Brussels on his way to Davos, giving a rare public speech, where he called on regulators to coordinate their approaches to artificial intelligence. The European Union is set to unveil new rules AI developers in “high risk sectors,” such as health care and transportation, according to an early draft obtained by Bloomberg.(Updates with privacy officer comments from ninth paragraph.)\--With assistance from Natalia Drozdiak.To contact the reporters on this story: Amy Thomson in London at athomson6@bloomberg.net;Stephanie Bodoni in Brussels at sbodoni@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Peter ChapmanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Garmin to Gain Traction Among Golfers With Approach S62 Watch
    Zacks

    Garmin to Gain Traction Among Golfers With Approach S62 Watch

    Garmin (GRMN) unveils a GPS smartwatch, Approach S62, to expand its share in the wearables market.

  • Bloomberg

    Intel and Softbank Beware. Open Source Is Coming to the Chip Business

    (Bloomberg) -- After revolutionizing software, the open-source movement is threatening to do same to the chip industry.Big technology companies have begun dabbling with RISC-V, which replaces proprietary know-how in a key part of the chip design process with a free standard that anyone can use. While it’s early days, this could create a new crop of processors that compete with Intel Corp. products and whittle away at the licensing business of Arm Holdings Plc.In December, about 2,000 people packed into a Silicon Valley conference to learn about RISC-V, a new set of instructions that control how software communicates with semiconductors. In just a few years, RISC-V has grown from a college teaching tool into an open-source standard being explored by industry giants including Google, Samsung Electronics Co., Alibaba Group Holding Ltd., Qualcomm Inc. and Nvidia Corp.“Most of the major companies are putting substantial efforts into RISC-V,” said Krste Asanovic, a computer scientist at the University of California, Berkeley, who was part of the team that developed the standard. He’s co-founder of SiFive Inc., a startup that sells chip designs based on RISC-V (pronounced “risk five”).Open source harnesses the contributions of multitudes, not just the proprietary ideas of a few companies. New code is shared, so anyone can see it, improve it and build their own contributions on top of it. After being dismissed by giants like Microsoft Corp. in the 1990s, this expanding body of work has become the foundation of the internet, smartphones and many software applications. Last year, IBM bought open-source pioneer Red Hat in the biggest software deal in history. Even Microsoft got on board, acquiring GitHub, the largest repository of open-source code.Opening up even small parts of the chipmaking process is anathema to many in the $400 billion industry. But if enough companies commit to an open-source approach, that could create a shared pool of knowledge that may be hard for Intel and Arm to keep up with.Early developments focus on instruction sets, which govern the basic functions of processors. Only two have mattered for years. One is Intel‘s X86, which dominates computer processors. Buying a chip from Intel or licensee Advanced Micro Devices Inc. is the only real way to use this instruction set. And Intel is the only company that can change it.The other instruction set is the basis of all major smartphone components. It is owned by Arm, a unit of Softbank Group Corp. This can be licensed for a fee, so other companies use it to design their own chips. But again, only Arm can alter the fundamentals.This has left the rest of the industry relying on the innovation of just two companies. That was not a problem for decades because most processors were general-purpose components that got faster and more efficient each year through production advances. Those industry axioms are unraveling, though. The steady march of chip miniaturization has bumped up against the laws of physics, while artificial intelligence and a flood of data from the internet and smartphones require new ways of processing information. A fresh set of instructions will help create better chips to power driverless cars, speech recognition and other AI tasks, RISC-V’s backers say.Google is using RISC-V in its OpenTitan project, which is developing security chips for data center servers and storage devices. “There are a range of other computational tasks, such as machine learning, that could benefit from an open computing architecture,” said Urs Holzle, who has overseen the technical infrastructure of Google’s massive data centers for years.Samsung said it will use SiFive designs in chips it’s making for mobile phone components. RISC-V has appeared in microcontrollers – a basic form of a processor – that are part of more complex chips sold by Qualcomm and Nvidia. Western Digital Corp., one of the largest makers of data-storage devices, plans to use the technology in some products and has open-sourced its designs. Alibaba has announced a chip based on RISC-V and several universities have published open-source designs.There are 200 Chinese members of the RISC-V Foundation, a non-profit group created in 2015 to promote the use of the instruction set. An Indian project developed six processors using the technology.RISC-V specifications are developed, ratified and maintained by the foundation’s technical committee, made up of engineers and other contributors from several member companies. Proposed revisions are posted on GitHub. RISC-V designs can either be free or licensed. While there’s no strict requirement to stick to the official specifications, members have an incentive to make their designs compatible. This gives chip customers multiple options for the blueprints they need to design components that communicate properly with the software, according to backers of the project.It’s still very early days, though. In terms of actual chips created, sold and used, RISC-V is nowhere. Arm’s technology is in almost all the 1.4 billion smartphones made each year. More than 200 million PCs sold annually are based on Intel’s X86 instruction set.One criticism of RISC-V is that it won’t end up saving money because there’s more work involved in using open standards. This echoes complaints raised about Linux and other open-source software when they were gaining ground decades ago.Arm said the idea that RISC-V reduces costs doesn’t make sense. “Innovation goes far beyond an instruction set,” said Tim Whitfield, a vice president of strategy at the company. “Arm’s IP is highly configurable and provides our partners with the flexibility to innovate and differentiate where they can add real value while minimizing risk and cost.”Martin Fink, Western Digital’s former chief technology officer who still advises the CEO, said it’s about spurring innovation in a crucial field that’s still locked down, rather than saving money. “It’s free as in freedom not as in free beer,” he added. “It’s about community and collaboration.”Other RISC-V backers argue that the more-collaborative process will eventually reduce the cost of creating chips, especially for data center operators and other companies that are increasingly designing their own processors, according to David Patterson, a former Berkeley professor and a distinguished engineer at Google. “Companies all over the world are collaborating to develop because it saves them money,” he said.Pressure on the incumbents to step up their game might be the biggest immediate impact of RISC-V. Last year, Arm announced a try-before-you-buy plan with a much lower fee so smaller companies and academic institutions could do exploratory work using its instruction set.Intel said it is adding new instructions that will help with AI processing and other new areas. “Intel engineers have continually advanced the X86 architecture standard, providing best-in-class performance,” the company added in a statement. Qualcomm, one of Arm’s biggest customers, sees room for multiple approaches, including RISC-V, according to Keith Kressin, a senior vice president of product management at Qualcomm.To contact the reporter on this story: Ian King in San Francisco at ianking@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Alistair Barr, Vlad SavovFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Google's Airtel Deal to Bolster Its Cloud Presence in India
    Zacks

    Google's Airtel Deal to Bolster Its Cloud Presence in India

    Alphabet's (GOOGL) Google inks deal with Airtel per which the latter gets authority to offer G Suite to small and medium businesses.

  • Netflix (NFLX) Q4 Earnings Crush Estimates, Revenues Up Y/Y
    Zacks

    Netflix (NFLX) Q4 Earnings Crush Estimates, Revenues Up Y/Y

    Netflix (NFLX) adds 8.76 million subscribers in the fourth quarter of 2019, better than management's expectation of 7.60 million.

  • The Zacks Analyst Blog Highlights: Facebook, Apple, Alibaba, Amazon and Alphabet
    Zacks

    The Zacks Analyst Blog Highlights: Facebook, Apple, Alibaba, Amazon and Alphabet

    The Zacks Analyst Blog Highlights: Facebook, Apple, Alibaba, Amazon and Alphabet

  • Google CEO eyes major opportunity in healthcare, says will protect privacy
    Reuters

    Google CEO eyes major opportunity in healthcare, says will protect privacy

    Sundar Pichai, the CEO of Alphabet Inc and its Google subsidiary, said on Wednesday that healthcare offers the biggest potential over the next five to 10 years for using artificial intelligence to improve outcomes, and vowed that the technology giant will heed privacy concerns. U.S. lawmakers have raised questions about Google's access to the health records of tens of millions of Americans. Ascension, which operates 150 hospitals and more than 50 senior living facilities across the United States, is Google's biggest cloud computing customer in healthcare.

  • UK drops three places in annual global talent ranking
    Yahoo Finance UK

    UK drops three places in annual global talent ranking

    The UK comes in at number 12 in the annual Global Talent Competitiveness Index.

  • US threatens tit-for-tat levy if UK pursues 'Big Tech' tax
    Yahoo Finance UK

    US threatens tit-for-tat levy if UK pursues 'Big Tech' tax

    'If people want to just arbitrarily put taxes on our digital companies, we’ll consider arbitrarily putting taxes on car companies,' the US Treasury Secretary said.

  • Google CEO Sundar Pichai: ‘Privacy cannot be a luxury good’
    Yahoo Finance UK

    Google CEO Sundar Pichai: ‘Privacy cannot be a luxury good’

    The Google boss pointed to the European Union’s GDPR regulation as a good template for other similar privacy laws around the world.

  • How social media services handle political ads
    Reuters

    How social media services handle political ads

    Online platforms including Facebook and Alphabet Inc's Google face growing pressure to stop carrying political ads that contain false or misleading claims ahead of the U.S. presidential election. In the United States, the Communications Act prevents broadcast stations from rejecting or censoring ads from candidates for federal office once they have accepted advertising for that political race, although this does not apply to cable networks like CNN, or to social media sites, where leading presidential candidates are spending millions to target voters in the run-up to the November 2020 election. Facebook exempts politicians from its third-party fact-checking program, allowing them to run ads with false claims.

  • Tech Daily: Facebook, Apple, Digital Taxes & More
    Zacks

    Tech Daily: Facebook, Apple, Digital Taxes & More

    Facebook's role in elections and its UK expansion, Apple's Cook in Ireland, Alibaba's certification and the EU ban on facial recognition technology are the top stories.

  • Bloomberg

    The Moneymakers of Today Versus Those of Tomorrow

    (Bloomberg Opinion) -- How can institutions balance the existing businesses that pay the bills today with creating the new technologies that will pay the bills tomorrow? That was the challenge facing this week's guest on Master in Business, Safi Bahcall, a member of President Barack Obama’s council of science advisers, and author of the book, “Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries.”Bahcall said that soon after he was appointed he was told he should update Vannevar Bush’s guidelines to innovation in government. The problem was, he had no idea of who Vannevar Bush was. He dove into his history and discovered that it was Bush who had persuaded President Franklin Roosevelt to create the Office of Scientific Research and Development, which played a huge role in the war effort. The OSRD accelerated development of existing technologies and created new ones, including radar and the proximity fuse, which detonates munitions when they reach a predetermined distance from a target.Bahcall argues that too many institutions fail to transition to thinking about the future from operating in the present. The group that is making the money for the company today wants to stick with what is working and those projects that have a very high success rate. The group that is creating the game-changing products are taking chances on ideas with a very high failure rate. Bridging the two groups is the role of leadership, something that companies such as Apple and Pixar historically have done well.His favorite books can be seen here; a transcript of our conversation is here.You can stream/download the full conversation, including the podcast extras on Apple iTunes, Overcast, Spotify, Google, Bloomberg and Stitcher. All of our earlier podcasts on your favorite pod hosts can be found here.Next week, we speak with Barbara Tversky, professor of psychology at Stanford and Columbia, and author of "Mind in Motion: How Action Shapes Thought." Tversky was married to the now-deceased Amos Tversky, and helped Michael Lewis research his book on Tversky and Daniel Kahneman, "The Undoing Project."To contact the author of this story: Barry Ritholtz at britholtz3@bloomberg.netTo contact the editor responsible for this story: James Greiff at jgreiff@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Barry Ritholtz is a Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Are the FAANG Stocks too Hot to Handle This Earnings Season?
    Zacks

    Are the FAANG Stocks too Hot to Handle This Earnings Season?

    The FAANG stocks are back in the spotlight this earnings season but not all of them have stellar charts. Who has the best earnings chart of the group?

  • 4 Stocks to Gain as Artificial Intelligence Simplifies Life
    Zacks

    4 Stocks to Gain as Artificial Intelligence Simplifies Life

    The global AI market is projected to witness a compound annual growth rate of 57% between 2017 and 2025.

  • Intel (INTC) to Post Q4 Earnings: DCG & CCG in Spotlight
    Zacks

    Intel (INTC) to Post Q4 Earnings: DCG & CCG in Spotlight

    Intel (INTC) Q4 results are expected to have benefited from improvement in the DCG, IOTG and NSG segments. However, decline in CCG is likely to have been a headwind.

  • The Zacks Analyst Blog Highlights: Alphabet, JPMorgan Chase, Comcast, IBM and QUALCOMM
    Zacks

    The Zacks Analyst Blog Highlights: Alphabet, JPMorgan Chase, Comcast, IBM and QUALCOMM

    The Zacks Analyst Blog Highlights: Alphabet, JPMorgan Chase, Comcast, IBM and QUALCOMM

  • Bloomberg

    SAP Says Companies Will See Spread of Activism From Stakeholders

    (Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.SAP SE’s co-chief executive officer said companies will continue to face activism not only from shareholders, but increasingly from employees and consumers.“This will continue to be something that CEOs will have to understand and balance across the different stakeholders,” Jennifer Morgan said in an interview with Bloomberg News’s Stephanie Flanders on Tuesday at Davos.The Walldorf, Germany-based company attracted the interest of activists at Elliott Management Corp., which revealed a 1.2 billion-euro ($1.3 billion) stake when SAP announced a change in strategy in April.Read More: SAP’s an Old Company With New TricksActivists have been broadening their scope of engagement with companies. Protesters have been pressing BlackRock Inc. to divest from fossil fuel companies and others that contribute to climate change, while employees at Google have protested over the conduct of executives.Morgan -- who became co-CEO in October alongside Christian Klein and is the first female chief executive of a DAX-listed company said -- said user experience is set to be the new battleground.“If a company is not competing on experience its a race to the bottom”, she said. “When you’re in a consumer-led economy like the United States, for example, the disruption that we see happening for traditional industries is happening in the experience gap”.Morgan used fitness company Peloton Interactive Inc. as a good example of tapping into someone else’s experience “gap” saying they provide not just a better service but a real experience that people will pay more for.To contact the reporter on this story: Sarah Syed in London at ssyed35@bloomberg.netTo contact the editor responsible for this story: Giles Turner at gturner35@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Trump-Macron Truce Averts Brewing Trade War: A Brief Solace?
    Zacks

    Trump-Macron Truce Averts Brewing Trade War: A Brief Solace?

    The trade truce staves a bigger trade war that could have significant geopolitical and economic ramifications.

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