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☆ Trump Media tells shareholders how to block their DJT stock being loaned to short sellers
▼ + stars: | 2024-04-18 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Trump Media is making a point of telling its shareholders how to prevent their stock from being loaned to short sellers — who bet the price of the shares will drop. "It certainly shows concern" about short selling of Trump Media stock, said Kevin Murphy, a business professor at the University of Southern California who is an expert on executive compensation. "I haven't seen it before," Murphy said when asked how common it is for companies to give shareholders instructions on how to thwart short sellers. "Managers who ... think the stock is undervalued aren't going to be overly concerned about short sellers," he said. Former President Donald Trump is by far the biggest shareholder in Trump Media, owning nearly 60% of its stock.

Persons: Kevin Murphy, Murphy, Trump, Donald Trump Organizations: Trump Media, Trump, University of Southern Locations: University of Southern California

☆ Ferguson CEO Kevin Murphy goes one-on-one with Jim Cramer
▼ + stars: | 2024-04-08 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Ferguson CEO Kevin Murphy goes one-on-one with Jim CramerFerguson CEO Kevin Murphy joins 'Mad Money' host Jim Cramer to talk the state of the skilled labor market, its recent stock performance, and more.

Persons: Ferguson, Kevin Murphy, Jim Cramer Ferguson, Jim Cramer

☆ Trump Media payday: What Truth Social executives got paid in stock and compensation
▼ + stars: | 2024-04-08 | by ( Dan Mangan | ) www.cnbc.com time to read: +12 min

Those thresholds for the share price are well below where Trump Media stock was trading on Monday, when it closed at $37.17, down more than 8%. The filing disclosed that Trump Media awarded company stock to Nunes, chief financial officer Phillip Juhan, and chief operating officer Andrew Northwall. The three top executives, like Trump himself, are currently barred from selling any of their common stock in Trump Media for the next six months. CNBC asked a spokeswoman for Trump Media why promissory notes were used to grant stock to the executives. Legal battlesBesides Trump, the biggest shareholders in Trump Media are two corporate entities.

Persons: Dado Ruvic, Donald Trump, Devin Nunes, Trump, Kevin Murphy, Murphy, Nunes, Phillip Juhan, Andrew Northwall, Juhan, Northwall, DWAC, we've, Tom Williams, Kash Patel, Patel, Dan Scavino, Scavino, Department of Defense Kash Patel, Justin Sullivan, Sandro De Moraes, Vladimir Novachki, Scott Glabe, Novachki, Glabe, De Moraes, Eric Swider, beneficially, Renatus, Swider, Andy Litinsky, Wes Moss, Moss, Patrick Orlando, Mike Pont Organizations: Trump Media, Trump . Trump Media, Nasdaq, Corp, Trump, University of Southern, Securities and Exchange Commission, DWAC, SEC, CNBC, Partners, Northwall, Juhan, Trump Media's, U.S, Capitol, CQ, Inc, Getty, Equity, Messrs, Republican, Hudson Digital, Trump White House, Staff, Department of Defense, Digital, Renatus, ARC Global, United Atlantic Ventures, Twitter, Facebook, NBC, FilmMagic Locations: Juhan, California, Minden, Minden , Nevada, Orlando, New York City

☆ Google antitrust trial crystallizes Apple’s risk
▼ + stars: | 2023-11-15 | by ( Robert Cyran | ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNEW YORK, Nov 15 (Reuters Breakingviews) - The antitrust case against Google is spelling out some serious problems. The U.S. Department of Justice claims that Alphabet maintains its market dominance by striking deals to make Google the default search engine on other companies’ devices and browsers. One expert witness for Google said Apple receives 36% of the ad revenue Google makes from searches on Apple’s Safari browser. Kevin Murphy, an economics professor at the University of Chicago, and an expert witness for Google, made the remark, Bloomberg reported. The two companies have had a partnership since 2002, where Google shares advertising revenue generated from users of Apple devices, and Google is the default search engine for these devices.

Persons: Dado Ruvic, Tim Cook, Bernstein, Kevin Murphy, Alphabet’s Google, Lauren Silva Laughlin, Sharon Lam Organizations: Apple, REUTERS, Reuters, Google, U.S . Department of Justice, Microsoft, U.S . Department, University of Chicago, Bloomberg, Alphabet’s, Thomson

But on the witness stand, Sundar Pichai, Google’s chief executive, said there was “value” in being the default search engine on a device and framed the agreements with other companies as sound business decisions. Google paid $26.3 billion for its search engine to be the default selection on mobile and desktop browsers in 2021, according to the company’s internal data presented during the trial. Kevin Murphy, a Google economic expert, testified on Monday that Google shared 36 percent of search revenue from the default deal with Apple. Mr. Pichai testified that he repeatedly renewed the search engine deal with Apple because it worked well, leading to an increase in search usage and revenue and benefiting Apple, Google and its shareholders. They cited an instance in 2014 when Mozilla, which makes the Firefox browser, exited a default-search partnership with Google and selected Yahoo.

Persons: Sundar Pichai, Kevin Murphy, Pichai, ” Organizations: Google, Apple, New York Times, Mozilla, Yahoo

☆ Apple gets 36% of Google search revenue from Safari, Alphabet witness says
▼ + stars: | 2023-11-14 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Google pays Apple more than a third of its search advertising revenue from Safari under the terms of the two companies' search default agreement, an Alphabet witness said in open court Monday amid a protracted antitrust battle between Google and the Department of Justice. The 36% figure, which was not previously known to the public, is one of the clearest indications of how lucrative Google's search deal has been for both Apple and the search engine company. The search default agreement is a major focus of the proceedings. Bernstein analyst Toni Sacconaghi has estimated in a note to clients that Apple would see $19 billion in 2023 revenue as a result of the search engine default deal with Google. "Everybody talks about the open web, but there really is the Google web," he said on the stand.

Persons: Kevin Murphy, Department's, John Schmidtlein, Murphy, Amit Mehta, Bernstein, Toni Sacconaghi, Apple, Sundar Pichai, Satya Nadella, Nadella, Microsoft's Bing Organizations: Google, Apple, Safari, Department of Justice, University of Chicago, Williams, Connolly, Bloomberg News, Microsoft

(Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)Alphabet CEO Sundar Pichai on Tuesday confirmed that Google pays Apple 36% of Safari search revenue, under the terms of a default search agreement that is core to the Justice Department's antitrust claims. Pichai was testifying in a separate lawsuit filed against Google by Epic Games, the maker of Fortnite. The Epic attorney then alleged that Google pays Samsung, Android's largest hardware partner, less than half of what it pays to Apple. Google's TAC costs include all of Google's payments to companies like Apple and Samsung to place its search engine in front of users. Apple, Google and Samsung did not immediately respond to CNBC's request for comment on Pichai's testimony.

Persons: Sundar Pichai, Mandel NGAN, MANDEL NGAN, Pichai, Google's, Kevin Murphy, Murphy, Connolly, John Schmidtlein, Leswing Organizations: Artificial Intelligence, Getty, Google, Apple, Epic Games, Washington , D.C, Samsung, Google's TAC, University of Chicago, Williams, Department, D.C Locations: Washington ,, AFP, Virginia, Washington

☆ Google's lawyer 'visibly cringed' when this confidential number was said aloud during its antitrust trial, report says
▼ + stars: | 2023-11-14 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +2 min

Google reportedly pays Apple a 36% cut of its search ad revenue through Safari as part of its deal. The US' Google antitrust case centers on how Google pays partners to promote its search engine. AdvertisementAn apparent slip-up during an expert's testimony in Google's antitrust trial reportedly drew a reaction from the search engine company's lawyer in the court room. The moment revealed more about Google's deal with Apple to remain the default search engine in Safari. So when University of Chicago professor Kevin Murphy, a Google economics expert and witness for the trial, disclosed the confidential number during his testimony, Google's main lawyer "visibly cringed," Bloomberg reported.

Persons: —, Kevin Murphy, Google's, Murphy didn't, Apple Organizations: Google, Apple, Safari, Bloomberg, Service, University of Chicago, Department of Justice, Microsoft

Visitors cast their shadows past the logo of Google at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. "The payments that Google makes reflect that competition," he said. Murphy also argued that the payments to device makers and others were often passed through to users in the form of a cheaper phone or better data plan. Further, Murphy argued that while Microsoft had virtually all the preinstalled browser defaults in early 2010s, its Bing search engine got just 15% of search queries. Reporting by Diane Bartz Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Gonzalo Fuentes, Kevin Murphy, Apple, Murphy, Diane Bartz, Marguerita Choy Organizations: Google, Viva Technology, Porte de, REUTERS, Microsoft, Apple, University of Chicago Booth School of Business, Big Tech, Thomson Locations: Porte, Paris, France, WASHINGTON

A woman holds her smart phone which displays the Google home page, in this picture illustration taken February 24, 2016. Google's vice president and general manager of ads, Jerry Dischler, acknowledged that Google earned more than $100 billion in 2020 from search ads. GOOGLE'S DEFENSE NO. GOOGLE'S DEFENSE NO. GOOGLE DEFENSE NO.

Persons: Eric Gaillard, Sundar Pichai, Kevin Murphy, Apple, Joshua Lowcock, Jerry Dischler, Eddie Cue, Bing, John Schmidtlein, Google's, Jennifer Fitzpatrick, Diane Bartz, Marguerita Choy Organizations: REUTERS, U.S, Google, Justice Department, Verizon, Samsung, University of Chicago Booth School of Business, Microsoft, UM Worldwide, Nokia, Bing, GOOGLE, Core Systems, Thomson Locations: WASHINGTON

☆ Intrepid septuagenarians have cold water poured on cross-channel record
▼ + stars: | 2022-12-14 | by ( ) www.reuters.com time to read: +2 min

The brave septuagenarians arrived on Sangatte beach near Calais in September having entered the water 21 miles away on England's Kent coast 18 hours earlier in pitch darkness. But their incredible achievement has not been ratified by The Channel Swimming and Piloting Federation (CSPF), because of what was described as an 'illegal changeover'. Group leader Bob Holman, 78, said he was 'totally gutted' that 'nit-picking and a pedantic attitude' by the overseeing organisation had denied them the record. Legal action is now being considered by the group whose effort raised thousands of pounds for an Alzheimer's charity. The Channel Swimming and Piloting Federation has been approached by Reuters for comment.

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