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Kik Messenger, a text and video chat app that has been around since 2010, has a new plan to monetize its service without ads: sell digital tokens in an initial coin offering.
For most of this year, Apple Inc. (NASDAQ:AAPL) stock has been a Wall Street darling. A note from Goldman Sachs back on June 9 that said the newly dubbed FAAMG stocks — Facebook Inc (NASDAQ:FB), Apple, Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT) and Google parent Alphabet Inc (NASDAQ:GOOGL) overvalued and trading too much like safe-haven stocks.
The chief executive of German publisher Axel Springer is confident that internet companies like Facebook, Snapchat and Google will help news providers make more money from their content. News is increasingly being consumed digitally and especially via social media and the company along with much of the industry is shifting from newspapers and magazines to digital products. "They have to provide a decent business model to attract content onto their platforms," CEO Mathias Doepfner told a tech conference on Thursday in Berlin.