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Snapchat (SNAP) falls below $17 IPO price for the first time

Source: FactSet Snap, which makes ephemeral messaging app Snapchat, is about to see the end of its lock-up period. When that period hits at the end of the month, insiders can begin selling their shares. Facebook, Twitter and LinkedIn fell an average of 24 percent in the 30 days ahead …

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China bans VPNs to further tighten internet controls says report

Jim Watson | AFP | Getty Images President Donald Trump (L) and Chinese President Xi Jinping (R) walk together at the Mar-a-Lago estate in West Palm Beach, Florida, April 7, 2017. Internet controls in China are about to get even more restrictive. The government there has ordered telecommunications firms to …

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This city outside Detroit is a living lab for self-driving cars

Brittany Greeson | The New York Times Shoabing Xu, a postdoctoral research fellow, sat in the driver’s seat as a safety precaution during a demonstration of an autonomous car at the MCity testing grounds at the University of Michigan in Ann Arbor, Mich., July 6, 2017. Henri Coron, Navya’s vice …

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Apple iphone 8 fingerprint reader might not happen, says analyst

Beck Diefenbach | Reuters Apple Inc CEO Tim Cook discusses the iPhone 7 during an Apple media event in San Francisco, California, U.S. September 7, 2016. A new note from KeyBanc Capital Markets analyst Andy Hargreaves suggests that Apple still hasn’t figured out a way to fit a fingerprint reader …

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Jefferies downgrades Intel to underperform

Rick Wilking | Reuters Brian Krzanich, Intel CEO, speaks during the Intel press conference at CES in Las Vegas, January 4, 2017. Jefferies downgraded Intel from hold to underperform on Monday, saying the chipmaker has the “most to lose” in the “4th tectonic shift in computing.” Jefferies said it is …

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Levandowski stole documents to secure bonus, Uber says

Angela Merendino | AFP | Getty Images Anthony Levandowski, Otto Co-founder and VP of Engineering at Uber. The question now before the courts is whether Levandowski’s documents, including Alphabet trade secrets, were used to develop Uber’s self-driving cars. Levandowski was paid generously at Google, by a division that is now …

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Apple HomePod purchase intent positive, Raymond James says

Getty Images A prototype of Apple’s new HomePod is displayed during the 2017 Apple Worldwide Developer Conference (WWDC) at the San Jose Convention Center on June 5, 2017 in San Jose, California. Consumers are showing more interest in Apple’s Siri-powered HomePod speaker than they did in the Apple Watch when …

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This chart shows how quickly Amazon is ‘eating the retail world’

One simple chart depicts what’s taking place in retail today, as many traditional players that once boasted impressive revenue growth now report slipping sales. Amazon, essentially, is “eating the retail world,” MKM Partners analyst Rob Sanderson wrote in a Friday note to clients. His chart shows Amazon, in the categories …

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Apple says graphics partner is lying about when they broke up

David Paul Morris | Bloomberg | Getty Images Tim Cook, chief executive officer of Apple. Apple says that Imagination Technologies, a chip designer that’s currently blaming Apple for its collapse, is essentially lying about how long the company was aware that Apple’s business plans would leave it behind. In a …

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You can now tip your Uber driver in the app

Angelo Merendino | AFP | Getty Images A driver looks from an Uber self-driving car on September 13, 2016 in Pittsburgh, Pennsylvania. Starting today, Uber’s new in-app tipping option is being rolled out in 100 cities in the US and Canada, including major markets like New York City, San Francisco, …

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