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February 3, 2017, 12:30 PM
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| 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.
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| 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 …
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| 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.| 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 …
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See also Mediagazer| Josh Constine / TechCrunch: |
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| Matthew Lynley / TechCrunch: |
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| 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 … | 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 …
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See also Mediagazer| Todd Bishop / GeekWire: |
Amazon now has more than 341K employees after adding 110K people in 2016 alone; CTO cites increase of fulfillment capacity by 30% for driving headcount — Amazon added more than 110,000 employees during the past year, topping 341,000 people as of the end of 2016 thanks largely …
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| 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.| Jordan Novet / VentureBeat: |
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| Jason Del Rey / Recode: |
Sources: Target has abruptly shuttered two long-term initiatives: its unreleased Goldfish open marketplace platform and a prototype robot-assisted store — The retailer's “Store of the Future” was killed before it opened. — In the wake of a holiday season that was worse than the company expected …
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Star Tribune, Tech Times, Engadget, and Consumerist
| 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 … | Reuters: |
LCD maker Sharp posts its first quarterly net profit in more than two years in its first full quarter under new owner Foxconn — Sharp Corp lifted its full-year profit guidance after posting its first quarterly net profit in more than two years as the Japanese liquid crystal display (LCD) …
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Nikkei, MarketWatch, Wall Street Journal, and Bloomberg
| Gwen Ackerman / Bloomberg: |
Viber appoints Djamel Agaoua as CEO as company prepares new platform strategy for March launch — CEO Djamel Agaoua wants company to be ‘quicker and faster’ — Viber to launch platform with new features in March: Agaoua — The newly named chief of Japanese retailer Rakuten Inc.'s …
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