Techmeme
February 3, 2017, 10:55 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.
Alex Heath / Business Insider:
IPO filing discloses Snapchat paid $158M to oust co-founder Reggie Brown after 2014 settlement  —  Snap cofounders Evan Spiegel and Bobby Murphy will become billionaires overnight when their company goes public at a potential $25 billion valuation.  —  One person who will not share …
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:
Bob Fernandez / Philly.com:
Abner Li / 9to5Google:
With Chrome 57, Progressive Web Apps will appear in Android's app drawer, settings, more  —  The ambitious goal behind Progressive Web Apps is to allow websites to have the same capabilities and features as a native app, but without the initial download.  Google has been a heavy backer …
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.
Amazon.com:
Connie Loizos / TechCrunch:
Dropcam co-founder Aamir Virani, who left Nest in 2015, joins early-stage venture firm Felicis Ventures  —  Last week, we learned that Dropcam cofounder Greg Duffy has headed overto Apple.  Today, Felicis Ventures, the early-stage venture firm, is disclosing it has brought aboard Dropcam's other cofounder …
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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