Techmeme
February 3, 2017, 4:45 AM

Top News

U.S. Securities and Exchange Commission:
Snap Inc.'s S-1 SEC filing for IPO  —  This is an initial public offering of shares of non-voting Class A common stock of Snap Inc. Snap Inc. is offering to sell shares of Class A common stock in this offering.  The selling stockholders identified in this prospectus are offering an additional shares of Class A common stock.
Jordan Novet / VentureBeat:
Snap Inc. files for IPO, aiming to raise $3B; firm had $404M in revenue in 2016, up 500% YoY, on a $514M net loss  —  Snap today filed its S-1 paperwork with the Securities and Exchange Commission (SEC), triggering the process to go public.  The company aims to raise $3 billion …
Ryan Lawler / TechCrunch:
Snap commits $2 billion over 5 years for Google Cloud infrastructure  —  Most of today's Snap coverage will be about its revenue and daily average usage numbers, but there was one small tidbit that emerged that will mean big business for the company's cloud infrastructure partner, Google.
Mike Isaac / New York Times:
Travis Kalanick tells employees that he's leaving Trump's economic advisory council; 200K customers deleted their accounts over the past six days, say sources  —  SAN FRANCISCO — Travis Kalanick, chief executive of Uber, plans to step down from President Donald J. Trump's economic advisory council …
Kara Swisher / Recode:
Sources: Facebook, Microsoft, Google, Apple, and Amazon circulating draft open letter to Trump on recent immigration order ahead of planned release this week  —  It's the first joint effort from big U.S. businesses to try to support immigration.  —  Alphabet, Apple, Facebook, Microsoft …
Brad Smith / Microsoft on the Issues:
Microsoft asks Trump administration for a formal process to grant exceptions to visa-holding workers and students affected by immigration order  —  Proposal calls for case-by-case exception process for law-abiding visa holders with pressing needs  —  In last Friday's executive order …
Bob Fernandez / Philly.com:
John Mannes / TechCrunch:
Amazon reports Q4 revenue of $43.7B, up 22% YoY, vs $44.68B expected, as net income reaches $749M; stock down 3%+  —  Mixed faces in Seattle today as Amazon delivered its Q4 2016 earnings.  The e-commerce company reported lower than expected revenue of $43.74 with better than expected earnings per share of $1.54.
Business Wire:
Tom Warren / The Verge:
Microsoft updates Outlook for iOS with support for apps and add-ons, starting with Giphy, Evernote, Trello, more  —  Microsoft is bringing apps and add-ins to its Outlook for iOS email application today.  The software giant has partnered with Evernote, Giphy, Nimble, Trello …
Joseph Cox / motherboard:
Hackers release iOS cracking tools used by Cellebrite, the Israeli firm known for breaking into phones; expert says the tools are similar to jailbreaking tools  —  In January, Motherboard reported that a hacker had stolen 900GB of data from mobile phone forensics company Cellebrite.
Stephen Shankland / CNET:
Mozilla lays off about 50 from its connected devices team, bringing the project to an end  —  The nonprofit is cutting about 50 people after struggling to extend the influence of its Firefox web browser for PCs.  —  A last vestige of Mozilla's effort to expand its technological influence beyond …

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