Web browser Opra (OPRA) - Get Opera Ltd. Sponsored ADR Report , which debuted as a public company on the Nasdaq Friday, has a plan to compete with Apple's said Safari and Alphabet's (GOOGL) - Get Alphabet Inc. Class A Report Google Chrome.
CFO Frode Jacobsen said Opra is targeting the 20% of people who care about the Web browser they use (he said most people don't have a preference.)
To differentiate itself, the browser offers an artificial intelligence-powered news feed. Opra has partnered with 600 news organizations globally and monetizes the feed through advertising.
It's also testing an internal mechanism within the browser that allows users to trade cryptocurrencies.
Norway-based Opera shares surged almost 10% on Friday.