Government shut down aside, tech companies make news Tuesday
Tuesday, October 01, 2013 3:32 PM
Today has been a slightly bizarre day of news for technology companies - in what has already been a newsy day because of the federal government shutdown.
- Google Inc.'s search engine homepage is honoring the 123rd anniversary of Yosemite National Park, CNN Money reported, but coincidentally the park is closed because of the shutdown. Google officials didn't immediately respond to a request for comment to CNN Money on whether the homepage image is simply meant to honor the park, or if it's a nudge to the government.
- Twitter Inc., meanwhile, was able to post its initial public offering documents on a government website, according to another CNN Money article. Twitter is expected to make its IPO documents public this week, and must publish those documents to the SEC's public website. It submitted its filing to the SEC on Sept. 12, but any new related paperwork would have to be reviewed by SEC officials. That shouldn't be a problem despite the shutdown, as the SEC is allowed to keep its doors open for the next few weeks.
- In news unrelated to the shutdown, Carl Icahn, who disclosed a $1 billion stake in Apple Inc. in August, is pushing Apple CEO Tim Cook for a $150-billion share buyback, Bloomberg reported. Cook announced a plan this year for a total of $100 billion in dividends and buybacks, but Icahn wants Apple to allocated $150 billion more for share repurchases.