congress. net neutrality changes ahead. 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. plus onwas 70 percent 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. tal
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 exp
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 close-up, and it is not a good look. how uber s ceo was caught on a tape in a video handed over to bloomberg. we
you are never more than 7 minutes away from weather and traffic. we deal with deadlines every day people. be there. on time. we have a very nice start to the day. the temperature is 51 degrees we are going to be looking at a beautiful sunrise, temperature 39, kingston, 33 at the fort. everybody else like 47 for nassau, suffolk county, long island, 41. today we are going to inch close to 60 degrees, but late in the day we have some rain coming so you ll need your rain gear after lunch time. we ll talk more about that and for tomorrow, which is a rainy day, too. so much needed rain coming. weather with heather every 7 the crossbronx? the process of being cleared away. long island railroad buses replacing trains. and we have the modified weekend schedule. new jersey transit buses, path trains are going to cross hudson rail tickets and alternate rules are suspended for today. developing in new jersey a car slammed into a building displacing dozens of people overnight. this
and our weather map lit up with advisories, winter weather advisory for the entire state for that clipper and its snow and wind. it s coming in after midnight and peaking during the morning commute. and then a lake snow advisory for basically tuesday night and wednesday morning behind the clipper, and we ll get lake effect snow. right now we re quiet, and here s the leading edge of the clipper snow, still in western ohio. and that s far western ohio and it s going to move quickly in overnight peaking during the morning commute. temperatures are going up and we ll be in the 20s by tomorrow looking fine and your drive for now is fine. and flakes fall after 10:00 p.m. more coverage coming up. serious allegations coming from 6 local police chiefs. he s responsible for missing prescription pills from several summer. they claim the first investigation in these allegations was botched. the police chief tell me state investigators policed opportunity to collect evidence and inter