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Showing posts from October, 2018

Axios Pro Rata: Dimon talks trade — Jostens is back in PE play — PE earnings misses

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  View in browser   Pro Rata By Dan Primack · Oct 31, 2018 Greetings from the home office, where it's good to be back after a single-day roundtrip between Boston and Los Angeles. Remember that you can send me feedback, news or scoop via email (just hit reply) or my anonymous tip line ( http://axios.com/tips ). Here we go...     Top of the Morning Photo via Axios. Jamie Dimon acknowledged during yesterday's Axios event at UCLA that pulling out of his speaking role at the Future Investment Initiative in Riyadh was basically a PR move that won't affect Saudi government behavior, adding it was done because JPMorgan "couldn't be seen in any way condoning" the murder of Jamal Khashoggi. Dimon made a similar "you need to be at the table to engage" argument that he's made when it comes to meeting with President Trump, despite th...

Facebook is obsessed with Stories — but the business isn’t there yet

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Stories is the most interesting and important product at Facebook — the feature, copied from Snapchat , has been a huge hit inside of Facebook's apps, especially Instagram and WhatsApp. But can Facebook build a business around Stories? That was a big question that emerged yesterday during Facebook's Q3 earnings call — an interesting and uncharacteristically transparent chat with investors, during which CEO Mark Zuckerberg name-dropped multiple competitors — a notable rarity — and admitted that Facebook has had trouble building a business around some of its core features, like video and private messaging. [ Kurt Wagner / Recode ] Apple showed off a completely redesigned iPad Pro with slimmer edges, Face ID but no home button, a USB-C port and far more powerful specs than its predecessor. The device comes in two screen sizes —11 inches, starting at $799; and 12.9 inches, sta...