Google surge pays big for Page & Brin
ANOTHER DAY, another billion. Google’s 16% rise in its stock price Friday, after the world’s leading search engine beat quarterly profit expectations for the first time in a year and a half, added nearly $4 billion each to the already bulging bank accounts of co-founders Larry Page and Sergey Brin. In one day. Yes, in one day. As of Thursday, the day before Google’s share-price spike, Page had a net worth of $32.7 billion, while Brin was worth $32.3, good for numbers 20 and 21, respectively, on the Bloomberg Billionaires Index that ranks the world’s richest people.
Amazon CEO Jeff Bezos, No. 8 on the list, will also be seeing a little something extra in his paycheck this week.
Bezos, worth about $43 billion, added more than $3 billion to his fortune after the e-retailer’s successful Prime Day online sales event boosted Amazon stock by more than 4% since Wednesday.
PET SHOP
Life just got a little easier for New York pet owners.
Instacart, the online delivery service that brings grocery items from local stores to users’ homes in under two hours, is offering delivery for purchases from Petco and Unleashed by Petco stores. The service is available only in select ZIP codes in Manhattan and Brooklyn, though Instacart plans to expand to other neighborhoods.
The move follows specialty food retailer Zabar’s recent partnership with Instacart offering delivery to Manhattanites between 42nd St. and 135th St.
To see if your neighborhood is covered, go to instacart.com.
MOBILE DEVELOPMENTS
The self-styled “Uncarrier” is trying to shake things up again.
T-Mobile this week unveiled its latest aggressive promotion as the fourthlargest carrier looks to gain on No. 3 Sprint and steal customers from larger rivals Verizon and AT&T.
The new T-Mobile data plan for a two-person household includes 10 gigabytes to each person for a total of $100. Each additional line would cost $20 more.
Families of four, meanwhile, get the fourth line free, for a total of $120.
By comparison, a similar 40GB plan from Verizon would cost $300 plus another $60 in access charges for four phones, according to a Bloomberg analysis.