Morning Beat: Twitter Inc (TWTR), Apple Inc. (AAPL), and Palo Alto Networks Inc (PANW)
Twitter Inc (NYSE:TWTR) will not be moving to a new office in San Francisco. The microblogging company was reportedly close to finalizing a deal that would have added about 100,000 square feet of office space. The Company has opted against the same as cost-cutting measures take center stage.
Twitter Inc (NYSE:TWTR) is aggressively looking for ways to bolster growth with the addition of more office turning out not to be a key consideration at the moment. A string of changes could be in the offing in the coming weeks as it becomes clear Jack Dorsey may take over as the permanent CEO. There are also suggestions the company may do away with the 140 character limit.
Apple Inc. (NASDAQ:AAPL)’s payment system Apple Pay has not had the best of runs since its unveiling last year. Slow growth has been the order of the day especially in the US where it currently accounts for 1% of all retail transactions. A limited number of terminals available in stores have all but suppressed growth with lack of promotion continues to exacerbate the situation.
Apple Inc. (NASDAQ:AAPL)’s CEO Tim Cook is, however, putting a brave face reiterating that 2015 will be the year for Apple Pay. The executive is especially banking on increased adoption by banks, merchants, and credit unions to spur growth this year. Competition from the likes of Samsung Pay and Google Pay could, however, thwart Cook’s plan of dominating the space.
Palo Alto Networks Inc (NYSE:PANW) is warning of a new malware in China and Taiwan that reportedly targets both jailbroken and non-jailbroken Apple Inc. (NASDAQ:AAPL) devices. YiSpecter is the name of the new malware to hit the lucrative iOS ecosystem just days after another malware took over App Store in China
According to Palo Alto Networks Inc (NYSE:PANW), the malware mostly targets Chinese-speaking users by encouraging them to download a porn browser that comes with the malware code. Many users have been fooled into doing so as porn is banned in China. According to the security firm, YiSpecter once in devices downloads extra apps and hijacks the existing apps making it impossible for users to delete them.
Amazon.com, Inc. (NASDAQ:AMZN) is among the biggest movers in Interbrand’s annual Best Global Brands report. The e-commerce giant has jumped five spots to occupy the 10th position. Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOGL) remained the most valuable occupying the first two slots respectively.
Amazon.com, Inc. (NASDAQ:AMZN)’s brand value rose 29% according to the report. According to Interbrand’s Chief Marketing Officer, tech companies continue to lead the list because of improvements in listening, learning and crowd sourcing. The analytics firm measures the success of brands based on financial performance, influence on consumer choice and ability to command a premium price.
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