|Bid||31.85 x 100000|
|Ask||31.88 x 100000|
|Day's range||31.33 - 31.63|
|52-week range||19.07 - 41.53|
|Beta (5Y monthly)||0.88|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
In the latest sign of U.S. platforms bracing for the 2020 U.S. presidential election in November, Twitter has said it will step up efforts to prevent its service from being used to target voters with false information around election participation. Earlier today Facebook announced the launch of a voting hub aimed at combating election misinformation on its platform by gathering together genuine election resources. Twitter is spinning a bolder message -- saying its aim is to "empower every eligible person to register and vote" by working to surface accurate information.
(Bloomberg) -- When Democratic Party presidential nominee Joe Biden picked Kamala Harris to be his running mate, it sparked a frenzy on the other side of the globe to track down her connections to Chennai, the southern Indian city where her mother was born.On Twitter and Facebook, a flurry of users chronicled every minute link including her grandparents’ home in the Besant Nagar neighborhood, from where her mother Shyamala Gopalan set off as a teenager to pursue a doctoral degree at the University of California Berkeley. Undated photos surfaced of Kamala and younger sibling Maya in saris, smilingly posing with their grandparents during a visit. Many saw Harris a step away from the White House, and the de facto Democratic Party front-runner in four or eight years.Writer Cauvery Madhavan captured the hysteria in a tweet: “If you’re wondering what that loud windy up sound is - it’s all of Chennai cranking the SixDegreesOfSeparation machine!! Any moment now my mother is going to triumphantly reveal that her pharmacist’s father was @KamalaHarris’s grandma’s preferred tailor.” Another Twitter user, Priya Ravichandran, jested, “I was asked to Google and find which relative lives in besant nagar. People are this close to renting party bus and do drive by near their house and celebrate kamala.”Senator Harris is the first person of Indian descent and the first Black woman on a major ticket in a U.S. presidential election. Indian media outlets, analyzing the geopolitical impact of her rise, argued a Biden-Harris win would further shore up a U.S.-India relationship that had already improved markedly under Narendra Modi.The closer ties between Modi and U.S. President Donald Trump culminated in two giant stadium events in front of tens of thousands of supporters -- one in Houston last September that saw the two leaders walking hand-in-hand to a rock-star like reception, and the other in Modi’s home state of Gujarat in February. Still, the warming relations have not yet led to a long-anticipated U.S.-India trade deal, although New Delhi is now purchasing more weapons from the U.S., including a new defense agreement worth more than $3 billion signed during Trump’s visit to India earlier this year.Chasing AuntsLocal outlets and TV crews raced to hunt down an assortment of Harris’s aunts and even a great-uncle who detailed her visits to the sprawling metropolis and her strolls on its humid beaches discussing democracy and equality with her grandfather, a retired government official.A prominent local newspaper, The Hindu BusinessLine, carried the headline: “Kamala Devi Harris and the destiny-changing coconuts from Chennai.” The story described Harris’s aunt praying for her victory in the California Senate elections nine years ago by breaking 108 coconuts, a popular religious ritual, at the local temple. The paper quoted Harris phoning her aunt to say, “Chithi (aunt), please pray for me and break coconuts at the temple.”Twitter users highlighted her Indianness beginning with the name Kamala, which means lotus in several Indian languages. CNN’s local partner tweeted that “Kamala Harris loves idlis. And, sambhar” -- fluffy rice cakes and spicy lentil stew often eaten for breakfast in India.The fuss over Harris’s political elevation this week far outstripped the excitement over the rise of other Chennai-connected personalities such as actor Mindy Kaling and Alphabet Inc. Chief Executive Officer Sundar Pichai.While hundreds of Twitter users in India posted laudatory messages, some rued that Harris’s nomination would inflate the already lofty expectations of Indian parents for their kids. Indian lawmaker and prominent opposition Congress Party member Shashi Tharoor tweeted, “‘Beta (son) what are you doing these days? Oh, just a Harvard Professor? Not even Mayor yet?’”Harris, whose father is of Jamaican ancestry, has downplayed her family’s India ties although she has spoken of how the deep conversations with her grandfather during India visits helped shaped her political views. But social media users were quick to appropriate her as completely Indian. A video from last year in which she’s seen with Mindy Kaling cooking a masala dosa, a south Indian savory crepe filled with spicy potatoes, is circulating wildly on WhatsApp groups in India.(Updates with detail on U.S.-India ties in fifth paragraph)For 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.
(Bloomberg) -- Apple Inc. and Google removed Fortnite from their app stores on Thursday, prompting lawsuits by the game’s creator, Epic Games Inc. The moves escalate a dispute between the companies that had been brewing in recent weeks.Previously: Epic Games Challenges Apple, Google Stores With Direct PaymentThe disagreement stems from a longstanding Apple App Store rule saying most apps must offer billing through Apple and pay the company 30% of revenue. On Thursday morning, Epic began offering customers a way to directly buy items for Fortnite and circumvent the fees. Hours later, Apple pulled the app, and Google followed suit later in the day.Apple said in an emailed statement it removed Fortnite because Epic’s changes had the “express intent of violating the App Store guidelines.” Apple said its store helped enable Epic’s success over the last decade and that it offers a “level playing field” for businesses. Google issued a similar statement but noted that Android allows for multiple app stores, unlike the iPhone.Epic filed a lawsuit in a California district court, alleging that Apple’s stranglehold on its app store and related customer payments is anti-competitive. Epic said it isn’t seeking money but for Apple’s practices to be stopped. If not for Apple’s “illegal restraints,” Epic would provide a competing app store on Apple devices, according to the lawsuit. It filed a complaint against Google hours later, accusing the search giant of anticompetitive behavior.Fortnite, Epic’s flagship game, is a cultural phenomenon. The game has had more than 350 million players over the years, the lawsuit said. The game’s removal from the App Store means losing access to more than a billion iPhone and iPad customers. Sales through Apple’s store generated $32.8 billion for developers in the first half of 2020, up more than 20% from a year earlier, according to market research firm Sensor Tower.Grievances over the fees Apple charges developers have reached a boiling point. For years, developers have complained about Apple’s 15% to 30% fees for the App Store, and Chief Executive Officer Tim Cook was recently grilled over the issue at a U.S. Congressional hearing alongside other technology chiefs. Apple is also facing scrutiny from officials in Europe over antitrust complaints, an investigation that Epic CEO Tim Sweeney has openly supported. Spotify Technology SA, which has waged a similar battle with Apple, said in a statement it supports Epic’s crusade.Sweeney has also criticized Google, which maintains a similar policy as Apple. He described the two companies as a duopoly in an interview with Bloomberg Television last month.Epic told customers on Thursday it would begin offering a direct purchase plan for items in Fortnite and that instead of paying fees to Apple and Google, it would pass on the savings to customers. Epic offered discounts of as much as 20% through its service. Google said in an emailed statement the move violated its store policies but that Fortnite is still available through other means on Android.Epic’s lawsuit against Apple invokes George Orwell’s “1984.” Shortly after Fortnite was pulled, the game’s official Twitter account promoted a new video short called Nineteen Eighty-Fortnite, a cheeky shot at a famous Apple advertising campaign.The Apple case is Epic Games Inc. v. Apple Inc., 20-cv-05640, U.S. District Court, Northern District of California (San Francisco).(Updates with Google removal in the first paragraph)For 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.