Google splashes $2.1 billion on Fitbit to fight Apple Watch

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Fitbit
Fitbit will soon be a Google company.
Photo: Fitbit

Google has confirmed plans to buy Fitbit as it looks to step up its fight against Apple Watch. The deal, worth approximately $2.1 billion, will bring new Made by Google wearables to market.

“Together, we aim to spur innovation in wearables and build helpful products to benefit more people around the world,” Google said.

Google’s massive cash pile is now bigger than Apple’s

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A group called Google You Owe Us wants $1000 each after Google invaded their privacy
Apple's been spending cash lately while Google's been hoarding it.
Photo: Ed Hardy/Cult of Mac

Apple’s decade-long run as the company with the world’s largest cash pile has finally come to an end.

Financial paperwork filed by Apple and Google’s parent company Alphabet revealed that the search engine giant now has $15 billion more in the bank than the iPhone-maker does.

Tim Cook made massive donation to keep Trump out of White House

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Cook
Tim Cook was an outspoken Hillary supporter.
Photo: Jim Merithew/Cult of Mac

Tim Cook fought harder than any other Apple employee to make sure Donald Trump didn’t become president.

A study of all the political donations made by Apple employees found that Tim Cook contributed more than any other employee to Hillary Clinton’s 2016 election campaign with a $236,100 payment to the Hillary Victory Fund fundraising committee. Tim’s favoritism towards Democrats isn’t surprising, and the study found that an overwhelming majority of Apple employees are following his lead.

Apple drops a spot in Fortune 500 rankings

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European Commission could get even tougher on tech in 2020
Apple's revenues need to get bigger if it wants to rise in the rankings.
Photo: Ste Smith/Cult of Mac

Despite closing in on becoming the country’s first trillion dollar company, Apple took a small drop in the annual Fortune 500 rankings.

The rankings released this morning put Apple in the number 4 spot as ExxonMobile leapfrogged the iPhone-maker and Berkshire Hathaway to claim the number 2 spot.

Amazon could beat Apple to $1 trillion market cap by one week

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Apple is worth more than the entire US energy sector combined
Apple remains no. 1... for now.
Photo: Ste Smith/Cult of Mac

Amazon could beat Apple to become the world’s first $1 trillion company, a new report suggests.

While Apple’s market cap currently stands at $893 billion to Amazon’s $752 billion, the online retail giant is rapidly closing the gap. By current trajectories, it will beat Apple to the $1 trillion mark by a mere week.

Amazon tops Apple for title of best-managed company

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Amazon is on fire.
Amazon is on fire.
Photo: Amazon

American tech companies are a some of the most effectively managed businesses in the world, according to a new landmark system that ranked the top 250 companies.

Even though Apple is the world’s most profitable company, the rankings found that Amazon is actually the most efficiently run business. But Apple follows at a close second.

Google co-founder’s flying car gets internet debut

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Weekends at the lake will never be the same.
Weekends at the lake will never be the same.
Photo: Kitty Lake

Forget self-driving cars. A startup backed by Google co-founder Larry Page is aiming to reshape transportation by giving us flying cars, and the company finally gave the internet a teaser today.

Kitty Hawk posted the first video of its all-electric aircraft today. The vehicle is only designed to fly over water, but the company says you won’t even need a pilot’s license to fly it.

Check out the teaser:

Apple hires satellite experts for mystery project

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Is Apple thinking about making satellites?
Is Apple thinking about making satellites?
Photo: NOAA/Flickr

A pair of new Apple hirings may hint that the company is setting its sights on the sky.

Two of Google’s top satellite executives have reportedly left the Alphabet-owned company in recent weeks and were hired by Apple. What they’ll be working on isn’t clear, but their experience indicates Apple could be getting serious about satellite internet.

Apple plans to fight climate change despite Trump agenda

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One of Apple's many solar farms.
One of Apple's many solar farms.
Photo: Apple

While President Donald Trump gets busy gutting the Environmental Protection Agency, many of America’s largest companies plan to fight climate change without his help, including Apple.

During the reign of Tim Cook, Apple has made renewable energy and going green one of its top priorities. According to a new report, that won’t change now that there’s a new administration in the White House.

Apple signs Silicon Valley’s open letter bashing Trump’s travel ban

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Donald Trump signing document
President Trump signing an executive order.
Photo: The White House/Facebook

Apple will join other tech companies, including Alphabet, Facebook and Uber, in penning a letter opposing President Donald Trump’s controversial travel ban.

News of the letter comes shortly after an interview Apple CEO Tim Cook gave to The Wall Street Journal, in which he described the “heart-wrenching” messages he had received about Trump’s executive order, which potentially affects hundreds of Apple employees.

Check out the draft of the open letter to Trump below: