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Mac OS Ken

Mac OS Ken: 05.14.2018

Mac OS Ken

Ken Ray

Technology

4.7996 Ratings

🗓️ 14 May 2018

⏱️ 20 minutes

🧾️ Download transcript

Summary

- Apologies for the Apology: The Market Cap and Me - Apple Hit with Class Action Suit Over Butterfly Keyboards - Spotify, Pandora, and Apple Music (Sort of) Take Action Against R. Kelly (Maybe) - Carpool Karaoke Goes Free Through Apple's TV App - Google to Require Regular Security Patches from Android OEMs - Microsoft Exec Talks About iMessage - Ralph Nader Pens Open Letter to Tim Cook - Comments from Cook's Duke Commencement Address - Eero - Home wifi that goes anywhere and covers everywhere! Get free overnight shipping in the US and Canada at eero.com with offer code macosken. - Power Mac OS Ken through Patreon at Patreon.com/macosken! - Send me an email: info@macosken.com or call (716)780-4080!

Transcript

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0:00.0

This is Mac OS Ken.

0:12.0

The market cap and me, sound and fury and apple, and Tim Cook's call for fearlessness.

0:20.0

It's Monday the 14th of May 2018. I'm Ken Ray and this is news from Maco West Ken

0:28.3

brought to you by yours truly and sponsored by Euro the home Wi-Fi system that goes anywhere and covers everywhere.

0:37.2

Get free overnight shipping in the US and Canada at e-e-R-O-E-O-E-O-O-O-D.com with offer code Maco-S-K-T.

0:47.4

This show is also supported by people like you, patrons through Patreon.

0:52.3

Find out more in that your support at Patreon.com slash Macoescat.

0:59.0

So it looks like somebody owes somebody an apology and this time it is definitely me who owes it

1:07.6

Last week I noted what looked like a precipitous fall in Apple's market cap They went from about 950.7 billion dollars on

1:15.8

Wednesday to 934 billion on Thursday. I got those numbers from Mac Daily

1:20.9

News and assumed that Mac Daily News had goofed. I goofed. A couple

1:27.6

of Mac-O-S. Ken listeners, Charles and Paul were kind enough to explain how I goofed to me. They both had the same explanation

1:35.8

though Paul's email came with numbers so I'll bring you that one. Quoting Paul's email.

1:41.1

I noticed that Yahoo had Apple's market cap around $950 billion

1:45.0

earlier in the week and then on Friday it was down to 934 billion. I also

1:50.5

noticed the number of shares went from around 5.16 billion shares to around 4.91 billion.

1:58.0

So to me, it looks like Apple retired 250 million shares of the stock.

2:03.4

This would be in keeping with their buyback program.

2:06.4

There may be an SEC form from this past week

2:09.2

that indicates they retired the shares,

2:11.3

and then the market tracking tools made their adjustments.

2:14.7

Just a thought, keep rocking, signed Paul.

...

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