Techmeme
February 2, 2017, 11:50 PM

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 …
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:
Business Wire:
Amazon.com Announces Fourth Quarter Sales up 22% to $43.7 Billion  —  Operating cash flow increased 38% to $16.4 billion for the trailing twelve months, compared with $11.9 billion for the trailing twelve months ended December 31, 2015.  Free cash flow increased to $9.7 billion …
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.

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