News highlights for 2 February
REUTERS/Lucas Jackson/File Photo
Snap IPO, no promise of profits on $3 billion valuation
(Reuters) – Snapchat owner Snap Inc shot the opening salvo in its $3 billion initial public offering on Thursday, outlining aggressive expansion plans but offering new investors no say on how the company is run and no promise of profits. Read more…
Uber CEO quits Trump’s business advisory group, under pressure
SAN FRANCISCO/WASHINGTON (Reuters) – Uber Technologies Inc Chief Executive Officer Travis Kalanick quit President Donald Trump’s business advisory group on Thursday amid mounting pressure from activists and employees who oppose the administration’s immigration policies. Read more…
Facebook could be most vulnerable to visa program crackdown
SAN FRANCISCO/ WASHINGTON (Reuters) – Among Silicon Valley’s top tech employers, Facebook Inc could be the most vulnerable to U.S. President Donald Trump’s expected crackdown on guest-worker visas, according to a Reuters analysis of U.S. Labor Department filings. Read more…
Microsoft proposes amendment to Trump visa program
(Reuters) – Microsoft Corp on Thursday said it proposed a program to U.S. President Donald Trump’s administration allowing people from seven predominantly Muslim nations to enter and leave the United States on business. Read more…
FCC moves to improve TV quality with new broadcast standard
WASHINGTON (Reuters) – The U.S. Federal Communications Commission is moving forward to advance a new broadcasting standard that would improve television picture quality, allow better access to programs via mobile phones and let broadcasters turn on a television set to send emergency alerts. Read more…
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