The excitement around the potential of sending money internationally without fees using Facebook’s new cryptocurrency took a bite out of the Western Union. “Consumer-to-consumer” money exchanges make up about 80% of the company’s revenue, according to its most recent quarterly report in May.
Apple is going to move 15-30% of production capacity from China. The company explores locations in Southeast Asia as it prepares for a restructuring of its supply chain due to the risks that brings the U.S.-China trade dispute.
As Google-parent Alphabet revs up for its annual shareholder meeting on Wednesday, a group of shareholder activists plans to propose that the company breaks itself up before regulators force it to do so. The proposal highlights the recent increase in antitrust investigations and the widening scope for misalignment between outside shareholders and the company’s founders.