Hit 'em with the Venmo request... Paypal shares hit an all-time high after its quarterly profit surged 86%. The OG fintech company and Venmo-owner added more users in 3 months than in all of 2016. Contactless payment options are thriving because 70% of people "fear for their health" at the cash register, according to Paypal execs. Paypal thinks we're reaching the "death of cash." Now it wants to lead the cash-killing charge. Its deadly weapon: QR codes.
How do you like them Apples?... First, Apple announced its best fiscal 3rd quarter ever. Sales jumped 11% despite closed stores, and the Fruit took home $11B in profit (enough to buy the entire company Lyft and leave a $2B tip). Apple also announced it's doing a 4-for-1 stock split (its 5th split to date — call it Banana). Then on Friday, Apple shares soared 10% to make it the world's most valuable company. Its fresh $1.84T market value put it past former #1 Saudi Aramco.