But, as users increasingly turn to mobile phones instead of desktop computers for their Internet browsing and shopping, Google hasn't kept up. Google's share of mobile ad spending fell from 50% of the market to 41.5% in the last couple of years, while Facebook's revenues jumped 9% in the space (#watchoutforzuck).
The takeaway is that Google still goes big or goes home -- like its high capital expenditures of $2.65 billion on future growth, building data centers, and God knows what else in its "Google X" labs. Plus, its spring "hiring spree" of 2,200 new employees brings its total up to 52,000 Googlers (who probably just like the company's free lunches).
The power-bald-headed Steve Ballmer, Microsoft's previous CEO, acquired Nokia last September. Those Finnish engineers were a proud people, and many of them have idled as Microsoft's mobile phone biz went nowhere. The rest were axed Thursday in what's a prime example of corporate "synergies" that executives talk about for an acquisition -- eliminating redundant workers.
The takeaway is that the stock rose after the announcement on investor enthusiasm. Unlike the crappy Windows XP that somehow still works in your cubicle, investors were refreshed by this bold change from the new CEO. Layers of Microsoft bureaucracy stink like an onion, hurting profitability -- the new CEO clearly hates onions.
3. Morgan Stanley's earnings lookin' good (again)
Morgan Stanley is famous for being Goldman's No. 2, but the investment bank is starting to stand out with awesome recent performances -- like its $1.9 billion in second-quarter profits, up a whopping 97% from last year. That's partly thanks to an accounting adjustment, but it beat estimates -- and feels darn good to the avid Morgan Stanley MarketSnacks readers.
Bank of America + Apple? This device makes it possible.
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming it's destined to change everything from banking to health care. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!