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 its initial public offering price, highlighting investors' loss of confidence in the social media company that faces fierce competition from Facebook.

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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.

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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.

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Verizon to incur $500 million in pre-tax costs from Yahoo deal

(Reuters) - Verizon Communications Inc said on Thursday it expected to incur about $500 million in pre-tax expenses in the second quarter as a result of its $4.48 billion purchase of Yahoo Inc's core business.

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Wall Street technology share selloff leaves Apple bruised

SAN FRANCISCO (Reuters) - Shares of Apple have been more bruised than those of other Silicon Valley heavyweights by a technology stock selloff this week, with many on Wall Street cautious following the iPhone maker's rally in recent months.

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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.

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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".

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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.

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Twitter rolls out tweaks to its website, mobile applications

(Reuters) - Twitter Inc said it would roll out a series of tweaks to its website and mobile applications from Thursday to further simplify the microblogging service's interface for its users.

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Shorts hold fire against big tech names as U.S. sector slides

NEW YORK (Reuters) - The current sell-off in U.S. technology shares has brought rare good news for short sellers, but they are not in any rush to boost their bearish bets against the shares of the biggest tech companies, data from financial analytics firm S3 Partners showed.

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Source: Reuters