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March 3, 2017, 5:25 AM
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Snap closes first day of trading at $24.51 per share, 44% above original price of $17, valuing the company at around $34B — Stock begins at $24, above the IPO price of $17, in biggest U.S. tech debut since Alibaba — Snap Inc. shares traded higher in their market debut Thursday …
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Tweets: @bonatsos, @scottmaustin, @scottmaustin, @williamalden, @jonerlichman, @stevekopack, @adrianweckler, @mims, @alexeheath, @joshconstine, @neilcybart, @jasonlk, @modestproposal1, @eskokilpi, @samuelcnn, @reutersbiz, @carlquintanilla, @blakeir, @danprimack, @danprimack, @anildash, and @scottmaustin
See also Mediagazer| Alex Kantrowitz / BuzzFeed: |
Snap's hands-off approach to high profile Snapchat users has alienated some of them, increasing the appeal of Instagram and YouTube — During a November 2014 trip to Los Angeles, Boston-based Snapchat “creator” Mike Platco stopped by Snap's Venice, California, offices to say hello.
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| Chaim Gartenberg / The Verge: |
Spotify says it has 50M paying subscribers, up from 30M in March 2016 — Spotify continues to cement its place as the leader in music streaming, and today the company announced that it just hit another milestone of 50 million paid subscribers. … It's impressive growth for the company …
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Tweets: @spotify and @katyperry
See also Mediagazer| April Glaser / Recode: |
Virginia becomes first state to legalize autonomous delivery robots on sidewalks, starting July 1; bots must not exceed 10 mph or weigh over 50 pounds — Idaho and Florida may be next. — Virginia has made robotics history. The commonwealth is the first state to pass legislation allowing delivery robots … | Joe Rossignol / MacRumors: |
KGI: 2017 iPhone will retain Lightning port and will add fast charging via USB-C Power Delivery — All three iPhones rumored to be launched in 2017 will retain Lightning connectors with the addition of USB-C Power Delivery for faster charging, including an all-new OLED model …
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| Nat Levy / GeekWire: |
Amazon says AWS outage was caused by human error during routine server maintenance, will make changes to prevent future problems — Amazon has released an explanation of the events that caused the big outage of its Simple Storage Service Tuesday, also known as S3, crippling significant portions of the web for several hours.
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Tweets: @cwarzel, @paullomax, @chrisblizzard, @rmogull, @dberkholz, @spacerog, @hacks4pancakes, @chrisalbon, and @zackwhittaker
Thanks:@toddbishop| Darrell Etherington / TechCrunch: |
After initially refusing, Uber says it will apply for a California DMV self-driving car testing permit — Uber is now in the process of getting a permit from the California DMV to resume testing its self-driving vehicles on public state roads. Uber started testing its self-driving Volvo XC90 SUVs …
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Tweets: @jaycuthrell and @seldo
| Tony Cook / Indianapolis Star: |
Mike Pence used an AOL account for sensitive emails when he was governor of Indiana, raising security and transparency concerns; the account was hacked in 2016 — Vice President Mike Pence routinely used a private email account to conduct public business as governor of Indiana …
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Tweets: @cwarzel, @nxthompson, @emptywheel, @sarahlerner, @llsethj, @mccisnauseous, and @sambeal
| Steven Millward / Tech in Asia: |
Messaging app Line unveils AI assistant Clova and Echo-like smart speaker Wave, and says it has acquired a controlling stake in holographic AI firm Vinclu — Messaging app Line is set to make a big push into AI, later this year rolling out a Siri-esque voice assistant and an Amazon Alexa-style smart speaker … | Larry Dignan / ZDNet: |
Docker debuts Enterprise Edition, which includes a container runtime, orchestration tools, and security and management features — Developers already love Docker to deploy applications. Now Docker is rolling out a new edition to court more enterprise-wide usage and adoption.
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| Cromwell Schubarth / Silicon Valley Business Journal: |
Online lending startup Upstart, founded by ex-Googlers, raises $32.5M Series D and hires ex-Google VP Sanjay Datta as CFO — Upstart, the startup applying machine learning to lending founded by ex-Googlers, has new funding, a new platform and hired a chief financial officer.
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TechCrunch and PE Hub Blog
| Livemint: |
Paytm E-commerce raises $200M from Alibaba and SAIF Partners; investment paves the way for Alibaba's India entry, where it will compete with Amazon and Flipkart — The $200 million investment in Paytm E-commerce is expected to pave the way for Alibaba's entry into India, where it will compete with Amazon and FlipkartSponsor Posts
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