Techmeme
February 2, 2017, 9:40 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 in internal memo that he's leaving President Trump's economic advisory council  —  SAN FRANCISCO — Travis Kalanick, chief executive of Uber, plans to step down from President Donald J. Trump's economic advisory council, according to an email that the executive sent …
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:
Thousands of Comcast employees stop work in Philadelphia and other cities to protest Trump's immigration executive order  —  Thousands of Comcast employees in Philadelphia streamed out of the Comcast Center on Thursday afternoon to protest President Trump's recent executive order on Muslim immigrants and refugees from seven nations.
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.
John Mannes / TechCrunch:
Facebook to let users search for photos using keywords to describe them, powered by its Lumos AI, which has been used to help the visually impaired  —  Initially used to improve the experience for visually impaired members of the Facebook community, the company's Lumos computer vision platform …

Sponsor Posts

eero:
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TechCrunch Disrupt SF:
Catch the founder & CEO of Revolut at Disrupt SF  —  Nikolay Storonsky took his company from a $350 million valuation to a $1.7 billion valuation in under six months.  Hear how he did it at Disrupt SF this September.

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