Reuters Technology Report: June 16, 2017

Click to View in Browser Friday, June 16, 2017 Snap sinks to IPO price for first time since market debut SAN FRANCISCO (Reuters) - Shares of Snap Inc dropped 4.9 percent on Thursday to their initial public offering price, highlighting investors' loss of confidence in the social media company that faces fierce competition from Facebook. Angry Birds maker Rovio says IPO possible in future HELSINKI (Reuters) - Finnish mobile game and animation studio Rovio, maker of the Angry Birds game, said it could list on the stock exchange in the future, while declining comment on a media report that China's Tencent Holdings was looking to acquire the company. U.S. states could not set self-driving car rules under Republican plan WASHINGTON (Reuters) - California and other states would be barred from setting their own rules governing design and testing of self-driving cars, while federal regulators would be blocked from demanding pre-market approval for autonomous vehicle technology, according to a U.S. House Republican proposal reviewed by Reuters on Thursday. Not yet Amazon Prime time: Australia retail sell-off overblown? SYDNEY/SAN FRANCISCO (Reuters) - Since Amazon.com Inc said in late April it would bring its Marketplace for third-party sellers to Australia, shares of leading bricks-and-mortar retailers have tumbled on fears their growth prospects would be hit. Chinese start-up Mobike gains $600 million in biggest financing round to date BEIJING (Reuters) - Chinese bike-sharing start-up Mobike said it has raised $600 million in a financing round led by Tencent Holdings Ltd, its biggest financing round to date as it seeks to expand aggressively. U.S. tech stocks shaken, but market not stirred NEW YORK (Reuters) - The five largest U.S. technology companies may have lost enough market capitalization over the past week to buy plane maker Boeing, but the benchmark S&P 500 stock index has managed to remain within a stone's throw of its record high. Pressured in Europe, Facebook details removal of terrorism content (Reuters) - Facebook Inc on Thursday offered additional insight on its efforts to remove terrorism content, a response to political pressure in Europe to militant groups using the social network for propaganda and recruiting. Rape victim sues Uber, claiming it wrongly obtained her medical records SAN FRANCISCO (Reuters) - A woman sued Uber Technologies Inc on Thursday claiming top executives at the ride-hailing company improperly obtained her medical records after she was raped by a driver in India, according to court documents. Messaging startup Slack said to draw interest from Amazon - Bloomberg (Reuters) - Slack Technologies Inc, a corporate chatroom startup, has received inquiries about a potential takeover from technology companies, including Amazon.com Inc , Bloomberg reported on Thursday. Macron says France must be country that 'thinks and moves like a startup' PARIS (Reuters) - French President Emmanuel Macron laid out his vision for a digital future on Thursday, saying he wants France to undergo a revolution so that it becomes a country that "thinks and moves like a startup". Related Video Uber's trucking ambitions in lower gear after Otto deal Snap falls back to IPO price as tech crumble Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook