Click to Skip Ad
Closing in...
  1. 4K Camera Drone Amazon
    13:37 Deals

    This pro-grade 4K camera drone is $430 at Amazon, and it beats $800+ rivals

  2. Amazon Deals
    09:51 Deals

    Today’s best deals: Alexa in your car for $19.99, surprise Fire TV Stick 4K sale, $6…

  3. Best Smartphone Accessories Under 20
    08:06 Deals

    5 must-have smartphone accessories that cost under $20 each at Amazon

  4. Amazon Deals
    07:56 Deals

    10 deals you don’t want to miss on Sunday: $30 off Amazon Echo Buds, $230 convertibl…

  5. MacBook Pro 2021 Price
    16:34 Deals

    Amazon slashed $200 off Apple’s M1 MacBook Pro, or get a MacBook Air for $899




Activist investor Carl Icahn buys more than $1 billion in Apple stock

Zach Epstein
August 13th, 2013 at 3:30 PM
Icahn Apple Stake

Activist investor Carl Icahn on Tuesday announced on Twitter that his firm holds a large stake in Apple. “We currently have a large position in Apple. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come,” Icahn posted on his Twitter account, adding that he believes Apple should buy back more shares than it is currently planning to repurchase. Following the news, Bloomberg reports that Icahn’s stake in Apple is worth more than $1 billion and he has built his position over the last month alone. According to Bloomberg, Icahn sees Apple shares climbing back into the $600 range. Apple’s stock climbed more than 4% following Icahn’s post on Twitter.

Zach Epstein

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.




Popular News