The SEC says the company made misleading claims to investors from October 2015 through January 2017. Plank carried out scheduled stock sales in November 2015 and April 2016, according to regulatory filings.
Apple holds edge in app store trial despite nagging issues
by Michael Liedtke, The Associated Press
Posted May 13, 2021 4:42 pm EDT
Last Updated May 13, 2021 at 4:44 pm EDT
SAN RAMON, Calif. (AP) Apple seems to be prevailing in an antitrust trial examining whether its mobile app store illegally skims profits from smaller companies.
But the tech giant’s apparent edge comes at the cost of facing nagging questions about the financial vise it holds on people buying digital services on iPhones, iPads and iPods.
If nothing else, the skirmish has sharpened the focus on the exclusive payment system that Apple has built into transactions occurring within apps installed on its family of mobile devices.
There are millions fewer jobs in the United States than there were at the start of the pandemic, and data released Friday showed an unexpected slowdown in hiring. In a speech to a joint session of Congress last month, President Joe Biden said a priority of his economic-rescue plan was to create “good-paying jobs that can’t be outsourced.”
Also last month, Madhur Parashar moved to Vancouver, British Columbia and took with him his job as a product manager at a company based in Columbus, Ohio. After receiving a master’s degree from Rochester University, Parashar, who emigrated from India, had worked in the United States on an H-1B visa for almost 11 years.