You know all those people you see on the street every day, the ones who nearly bump into you because they're so darned distracted while they text on their phone?

Oh, you're one of those people, too?

If so, you've got a lot of company.

A top Apple (AAPL - Get Report) executive has disclosed Apple iMessage peaks at 200,000 messages per second, Business Insider reported. Eddy Cue revealed that figure on a podcast with Daring Fireball's John Gruber. Listen to the podcast here

"The scale for this is truly amazing because of the usage, I mean (people) rely on these (services) for their lives," Cue said, according to Business Insider. "We peak out at 200,000 messages a second."

"At peak rates, that would work out to 63 quadrillion messages per year," the news site calculated.

Apple shares closed Friday at $93.99, up less than 1%. Apple, headquartered in Cupertino, Calif., is a holding of Action Alerts PLUS, the charitable trust portfolio managed by TheStreet's Jim Cramer.


Groupon (GRPN - Get Report) shares surged by 29% Friday, closing at $2.89, after the Chicago-based online commerce company reported quarterly results that beat expectations.

The company reported earnings of 4 cents a share, exceeding analysts' expectations. Revenue of $917.2 million topped forecasts of $845.9 million.

During the same period a year earlier, the company posted a profit of 6 cents a share on revenue of $883.2 million.

Read TheStreet's full report.


Pandora Media (P) slumped by 12.1% Friday, closing at $7.99, after the Internet radio company reported quarterly numbers after the market close Thursday. The company, based in Oakland, Calif., reported $336 million in total revenue, which beat expectations, but missed on its bottom line with earnings per share of 4 cents.

Pandora executives declined to discuss a report by the New York Times that the company may put itself up for sale. Basing its report on anonymous sources, the Times reported on Thursday Pandora is working with Morgan Stanley  (MS - Get Report) to meet with possible buyers. The Times added that "talks are preliminary and may not lead to a deal."

Pandora is facing increased competition from a number of well-financed competitors, including Apple Music.

Read TheStreet's full report on Pandora's quarterly earnings.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.