First, snap wrapped up its first day of trading thursday. Shares closed up 44 from its listing price. It reached a high of just over 26. It closed at 24. 48. The maker of the disappearing photo app ended a long tech ipo drought. We caught up with Bloomberg Ipo reporter alex barinka and sarah frier. If you think about the range, a typical ipo you like to see 20 to 30 . This one will have more buzz baked in. Twitter was 70 percent plus on day one. Facebook less than 1 . When i look at trading and how the stock was around that 25 mark all day, it was stable. There was not a lot of swinging going on. We saw it selloff towards the end of the day, but it seemed like a decent way to go out. No one is complaining about the return for investors. If you look at the ipo scoreboard, facebook now almost triple its ipo value. Twitter, down 10 , now down 65 . It is worth remembering that what happens on the first day of an ipo is not always remain. Talk us through the managing expectations. The roads
General motors is ready to announce the sale of the struggling european union. Is said tor vauxhall be worth about 2 billion u. S. It would give gm an answer from a business that has lost it more than 9 billion from 2009. Breaking news right now a prosecutor accusing samsung of conspiring to hide bribes. We will continue to follow this story and give you more details as we get them. We are watching a live picture there out of seoul on these announcements. Again, a prosecutor accusing the samsung heir of conspiring to hide bribes. More on that later on. This is bloomberg. Caroline i am caroline hyde. This is the best of Bloomberg Technology. We bring you all of our top interviews from this week in tech. Coming up, snap. The big picture. We get you up to speed on the trading day debut as tech ushers in its first ipo of the year. Plus, Travis Kalanick gets his closeup, and it is not a good look. How ubers ceo was caught on a tape in a video handed over to bloomberg. We head over to barcel
And treat the virus. Microsoft is applying surface tablets to nfl coaches for the upcoming season. Theyll have limited features to prevent cheating. The tablet belonging to the bills coach did not work for half of last nights preseason game. To the lead story of the day, apple takes a major step toward controlling the User Experience and is spending tens of billions of dollars to build its own network, its own internet act bone. A new report says a small portion of the Delivery Network has gone live in the u. S. And europe. Apple has reportedly struck deals allowing apple to deliver content like ios up eight to wreck lead to consumers. This means the content can be delivered at faster speeds and without relying on technology from thirdparty companies. Our editor at large, cory johnson, is with me in the studio and we are joined by an analyst who wrote this report. You point out a trace route showing os x downloads are going directly from apple to the comcast network. Describe why you b
Spotted child pornography images in a users gmail account. We will look at the privacy implications of the case. For the first time nfl coaches are allowed to use tablets to study plays during games. There was a problem with the service during the season opener. Our lead story of the day apple takes a major step towards controlling every single piece of the user experience, and is reportedly spending tens of millions of dollars to build its own network, its own internet backbone. A new report says a small portion of apples content Delivery Network has gone live in the u. S. And europe. Apple has struck deals with Big Internet Service Providers allowing apple to deliver content like ios updates directly to consumers. This means the content can be delivered at faster speeds and without relying on technology from third parties. Our editor at large cory johnson is with me in the studio and we to joined by an analyst who wrote this report. You pointed out a tray start showing that downloads
Out will will unveil its latest iphone on september nice according to people familiar. We know the phones what have larger screens. One will be 5. 5 inches. The size of the big screens, what might other features may be iphone have . And ike to Brian Marshall started by asking about the screens. Believe it or not, our goal is almost two years behind and the leaders. It is going to be enough to a massive upgrade cycle. We kind of joke for the past year, it will be the mother load. Why five inches inches . That is big. The ipad. S with the largest smart phone we have seen was the lg flex. We saw it this past year. It is six inches of buzz in curves. It curves across the mandible. We do not think it was to bed. We do not think the 5. 5 will be too big. We did not think it was too big. Our best to guess it will probably be a 50 50 split. Apple did not seem to get it right the last time. When the phone under performed for them. What does apple do . We do not talk about how well they have man