Today, the Wall Street Journal published a long article about how Tech companies are working to fight off activist investors. The article is here. The most popular tactics – undercutting shareholder democracy by granting founders stock with super-rights – are being promoted by luminaries such as VC investor Marc Andreessen, who said in April
Public companies are being basically forced by pressure from activists and their investors to give back huge amounts of cash instead of investing it in their business
The Washington Post recently ran a story about how much less Americans are paying for gas today then we were a year ago – $2.4 billion less! The lower price of gasoline has resulted in Americans having an extra $2.4 billion in their pockets to spend on other things that would otherwise have been spent purchasing gas. Thus, the drop in oil prices has produced an economic stimulus similar to a $2.4 billion tax cut, but better.
Have I mentioned lately how much I love Apple Pay? Anytime I have the option of completing a purchase using the simply phone method, I use it. I have even bought some things that I would otherwise not buy just to buy using Apple Pay (not a very sound financial policy).
No one likes bad press. Sooner or later, pretty much everyone who has been pilloried in the press has blamed the press for the situation, rather than taking a hard look at whether his or her actions warranted such coverage. And it often must seem much easier to “go on the offensive” by attacking the press coverage than it would be to change bad behavior that has come to light. In other words, why not just shoot the messenger?
As I have written a few times, the iPhone 6 is the first iPhone that I have purchased that didn’t “wow” me from the first moment I got it. I still find it to be larger than I want, but I am getting more comfortable with it. But the feature that compelled me to get this phone was Apple Pay. I believe that Apple Pay will change our definition of money. I think it is likely to revolutionize how we purchase things, at least in the US and the developed world. I’m not sure about the developing world, but that is a different post for a different day. In any event, Apple Pay will, I believe, have a large impact on the lives of everyone reading a blog on the internet. And it is a step closer today.
This week, my wife and I took a quick trip up to Seattle to visit family. While we were there, I got a call from my Mom needing some help on how to set up her email on her new iPhone. It was a fun conversation, and any excuse for talking with my Mom is a good excuse.