Snapchat has filed for an initial public offering on the New York Stock Exchange today, picking the ticker symbol "SNAP." The company hopes to raise $3 billion and says it has 158 million daily active users. The IPO would reportedly value the company above $20 billion. The Verge reports: The filing comes at an exciting but challenging time for Snap. The company -- originally named Snapchat -- has declared its intentions to become -- a camera company -- rather than just an app developer. And it's already found some success with Spectacles, its fun pair of video-recording sunglasses. The company says its advertising business is growing quickly. It reported $58.7 million in revenue for 2015, and grew that to $404.5 million in 2016. Along with that strong revenue growth, however, its losses also swelled. Snapchat lost $372.9 million in 2015 and $514.6 million this past year, more than its total revenue. Twitter was also struggling to generate a profit when it went public, while Facebook was not. Here's a gem from the S-1 filing. "We have incurred operating losses in the past, expect to incur operating losses in the future, and may never achieve or maintain profitability." Sounds like a great investment!

Read more of this story at Slashdot.

Snapchat has filed for an initial public offering on the New York Stock Exchange today, picking the ticker symbol "SNAP." The company hopes to raise $3 billion and says it has 158 million daily active users. The IPO would reportedly value the company above $20 billion. The Verge reports: The filing comes at an exciting but challenging time for Snap. The company -- originally named Snapchat -- has declared its intentions to become -- a camera company -- rather than just an app developer. And it's already found some success with Spectacles, its fun pair of video-recording sunglasses. The company says its advertising business is growing quickly. It reported $58.7 million in revenue for 2015, and grew that to $404.5 million in 2016. Along with that strong revenue growth, however, its losses also swelled. Snapchat lost $372.9 million in 2015 and $514.6 million this past year, more than its total revenue. Twitter was also struggling to generate a profit when it went public, while Facebook was not. Here's a gem from the S-1 filing. "We have incurred operating losses in the past, expect to incur operating losses in the future, and may never achieve or maintain profitability." Sounds like a great investment!

Read more of this story at Slashdot.

Did UK MPs represent their constituents in parliament over Brexit?

Did UK MPs represent their constituents in parliament over Brexit?

An anonymous reader quotes a report from The Guardian: Social media site Reddit has banned two of the largest far-right "subreddits" groups it hosts, altright and alternativeright. The subreddits have been used in the organization of America's resurgent neofascist movement but the final straw for Reddit was the two groups' participation in what is known as "doxing": sharing private personal information without permission as a form of online harassment. The subreddits were specifically banned for breaking Reddit's content policy, according to a message posted by the site admins, "specifically, the proliferation of personal and confidential information." Reddit did not make it explicit which content infringed its rules, but it is believed to be attempts to dox the protestor who punched a white nationalist during a TV interview at Donald Trump's inauguration. Speaking to the Daily Beast, one Reddit moderator claimed that the ban was instead a result of its "record monthly traffic" (Reddit moderators, like the creators of individual subreddits, are all volunteers with no official relationship to the site's staff). "It's clear that Reddit banned us because we were becoming very popular and spreading inconvenient truths about who's ruining our country and robbing our children of a future," the moderator said.

Read more of this story at Slashdot.

An anonymous reader quotes a report from The Guardian: Social media site Reddit has banned two of the largest far-right "subreddits" groups it hosts, altright and alternativeright. The subreddits have been used in the organization of America's resurgent neofascist movement but the final straw for Reddit was the two groups' participation in what is known as "doxing": sharing private personal information without permission as a form of online harassment. The subreddits were specifically banned for breaking Reddit's content policy, according to a message posted by the site admins, "specifically, the proliferation of personal and confidential information." Reddit did not make it explicit which content infringed its rules, but it is believed to be attempts to dox the protestor who punched a white nationalist during a TV interview at Donald Trump's inauguration. Speaking to the Daily Beast, one Reddit moderator claimed that the ban was instead a result of its "record monthly traffic" (Reddit moderators, like the creators of individual subreddits, are all volunteers with no official relationship to the site's staff). "It's clear that Reddit banned us because we were becoming very popular and spreading inconvenient truths about who's ruining our country and robbing our children of a future," the moderator said.

Read more of this story at Slashdot.

Protests in the occupied West Bank as Israeli police attempt to dismantle the illegal settlement of Amona.

Governor cuts funding to law enforcement to penalise Austin, a 'sanctuary' city offering safety to the undocumented.

Governor cuts funding to law enforcement to penalise Austin, a 'sanctuary' city offering safety to the undocumented.

Mass gathering in Montreal to mourn three of the six Muslim men killed at a mosque in Quebec City.

Mass gathering in Montreal to mourn three of the six Muslim men killed at a mosque in Quebec City.