Editor's pick: Originally published June 22.
According to a recent study, when fiber Internet arrives to a new area, rent tends to go up roughly 11%. Perhaps most well-known in the fiber world is Alphabet's (GOOGL) - Get Alphabet Inc. Class A Report Google Fiber service.
That's a pretty steep price to pay for Internet, even if it's high quality speed. Or is it? Reliable and fast Internet is the most important amenity for renters, according to the study. This was followed by a washer and dryer in-unit, and a balcony/patio.
Google Fiber's Internet service is available in cities like Provo, Kansas City, Atlanta and Austin. Other locations like Charlotte, San Antonio, San Francisco and Salt Lake City are on the way.
Earlier when I said "high quality speed," that might have been an understatement. According to the company's site: "Google Fiber starts with a connection that's up to 1,000 megabits per second."
That is fast! Which is why the study found that it wasn't just broadband that led to the rent increase, it was actually fiber connection.
Shares of Alphabet closed at $710.47 Wednesday, up 0.2%.
Amazon's (AMZN) - Get Amazon.com, Inc. Report has a new Kindle device. The device is available in black or white, doesn't give off that awful glare when used in the sun and is smaller and lighter than the now older version.
A battery charge lasts for weeks and hold thousands of books in its storage. All the perks can be found, here.
Perhaps the best part of the Amazon Kindle is the price, costing just $79.99.
The new Kindle touts double the RAM storage, now sporting 512 megabytes instead of 256MB. It's also got its beach body ready for summer, seeing a 16% drop in weight down to 5.7 ounces. What workout regiment was that?
The device will also let users take notes or make highlights and then send those notes to themselves through email. The new Kindle will be available July 7th, so if you're not going to be watching fireworks on the 4th, you'll need to stick with your old Kindle until then.
Shares of Amazon closed at $710.60 Wednesday, down 0.7%.
Sticking with companies and new products, privately held Dropbox has got a number of new features too. In an effort to attract larger enterprise customers, Dropbox has made some upgrades, perhaps most notably being its new scanning feature.
Dropbox works by being able to rather seamlessly transfer documents and information between co-workers and teams. Or at least, that's what I have always used it for.
Now though, users will be able to scan a document with their smartphone and upload them into the Dropbox service. The idea is that teams and users still like to physically write. For instance, in a brainstorming session. Rather than putting those thoughts in a word document (either at the time or after the fact), and then uploading it to Dropbox, the company is looking to save a step and make for a more seamless transition.
Surprisingly, the update is only available on iOS devices and not Android - with no status on when Android will be ready.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.