Techmeme
March 2, 2017, 8:10 PM

Top News

Wall Street Journal:
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 …
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.
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.
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 …
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 …
Lucas Matney / TechCrunch:
Oculus co-founder Nate Mitchell says Mac support for Rift isn't on the company's six month product roadmap  —  While so many virtual reality hardware companies have been tasked only with selling their own product, Oculus has had the intense challenge of building the entire industry's ecosystem for the last several years.
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.
Emil Protalinski / VentureBeat:
IDC: global wearable shipments reached 33.9M in Q4 2016, up 16.9% YoY, as Fitbit sales declined 22.7% YoY to 6.5M  —  Despite a tough few quarters last year, including market share losses throughout, Fitbit is still the king of wearables.  Big tech companies were expected to dominate …
Nick Statt / The Verge:
Microsoft unveils Xbox Live Creators Program in preview for indie developers to self-publish games to Xbox marketplace  —  With the new Xbox Live Creators Program  —  Microsoft today announced a new initiative to let any game developer create and sell games on its Xbox platform without having …
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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