Before Apple reported its quarterly financials, the Wall Street may have had it doubts but one mogul, Warren Buffet didn’t flinch.
Buffett’s Berkshire Hathaway, in the first quarter, bought an astonishing 75 million shares of Apple. The amount adds to 165.3 million shares Berkshire already owned at the end of 2017.
“It is an unbelievable company,” Buffett says. “If you look at Apple, I think it earns almost twice as much as the second most profitable company in the United States.”
Buffett revealed the additional purchases of Apple just ahead of the Berkshire Hathaway annual shareholders meeting in Omaha, where 40,000 Berkshire shareholders will arrive this weekend. …Read more.
Zimbabwe Opposition Leader Wants to Boot Chinese Investors
President of Zimbabwe’s opposition party, Movement for Democratic Change Nelson Chamisa is looking to give Chinese investors the boot claiming they “are busy asset-stripping” the country’s resources.
“I have seen the deals that President Emmerson Mnangagwa has entered into with China and others, they are busy asset-stripping the resources of the country,” Chamisa said at a May Day rally on Tuesday, as reported by the BBC and local press.
“I have said that beginning September when I assume office I will call the Chinese and tell them the deals they signed are unacceptable and they should return to their country,” he added….Read more
Google Breaks a Vietnamese Con Scheme After a Bluetooth Headset Purchase Scam
Google has a never-ending battle against scams, a fight that requires engineers and their increasingly sophisticated machine learning tools. The company also illustrates the risks that consumers face as Google aggressively tries to win back product searches from Amazon and stay relevant in the future of e-commerce.
The company’s determination couldn’t be more evident than recently when an employee was scammed buying a Bluetooth headset. When a Google executive found a high-end Bluetooth headset selling at a steep discount on the company’s shopping site earlier this year, he ordered the product and waited. And waited. The expected delivery date passed.
He tried calling the website’s customer service number. It was disconnected. The headset never arrived. The money was lost.
The seller, as it was later to be discovered wasn’t based in the U.S. Google Shopping had sent the buyer about 8,000 miles away, to a phony seller in Vietnam who took the Google employee’s credit card information with no intention of ever sending out the Bluetooth headset.
The prospective buyer kicked the case over to his co-workers to start an investigation. But instead of simply banning the bad actor from listing new products, Google Shopping’s trust and safety team initiated a global probe that ultimately tracked down 5,000 merchant accounts wrapped up in a sophisticated scheme to defraud users. …Read more.