Snap is expected to publicly file its IPO documents any day now, which would start the official clock on an offering that is most likely to occur at the beginning of March. If successful (i.e., raises up to $5 billion at around a $20 billion valuation, and then trades higher), then there will be much rejoicing among Snap execs, employees and venture capitalists.
But that's it. Don't expect Snap to spark a broader tech IPO rally, despite the fever dreams of some in Silicon Valley.
The companies involved in the Dakota Access Pipeline and the Keystone XL all jumped on news today Trump is signing executive orders to push the projects forward.
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Glassdoor's best jobs of the year include titles like Data Scientist, Data Engineer and Analytics Manager. The rankings were determined by the combination of three factors: number of job openings, salary and overall job satisfaction.
The other quality they all have in common? These jobs are less likely to fall victim to automation. That's because they require "soft-skills" like creativity, judgement and flexibility, which are all extremely difficult to automate, Glassdoor Chief Economist Andrew Chamberlain told Business Insider. "Having them allows workers to team up with technology to be more productive, rather than simply being replaced by it."
Why it matters: The Trump administration is concerned about jobs — particularly lower-skilled jobs — disappearing as technology advances. It's also pushing companies to hire U.S. workers for highly-skilled jobs rather than relying on temporary visas to bring in foreign workers with advanced degrees. These automation-resistant jobs will help fuel the urgency around creating a stronger pipeline of U.S. workers who have the engineering skills to fill these roles domestically.
As NYT's Andrew Ross Sorkin said, "For years, chief executive officers lived in fear they would become a target of the activist investor Carl Icahn. Now, they live in dread of a different and somewhat more unexpected kind of activist: President Donald J. Trump."
On one hand: CEOs of big companies are stoked for Trump's regulation slashing, corporate tax cutting approach to boosting the economy.
On the other: They fear Trump's market-crashing tweets.
AppDynamics, a software company designed to help businesses spot and fix bugs in their applications, will be the first big tech IPO of 2017. The company originally filed to sell shares at $10-$12, but thanks to strong investor demand they're now selling at $12-$14 per share.
Expect to see prices tomorrow night. The company will begin trading Thursday.
Why this matters: 2016 was the slowest year for tech IPOs since the Great Recession. AppDynamics' optimistic IPO indicates that the market expects more companies to go public this year.
Here's the Paper of Record, saying the president lied:
Why it matters: The Times is famously hesitant to say a politician lied, with executive editor Dean Baquet telling NPR it needs to be far more egregious than normal political misdirection. But they first slapped Trump with the term in September, and don't seem to be looking back.
President Trump spends substantial time and energy ridiculing the media. He spends even more time consuming —and obsessing about — it.
Print copies of three newspapers. When Billy Bush was on, "Access Hollywood" every night. TiVo of the morning and evening news shows so he can watch the tops of all of them. Always "60 Minutes." Often "Meet the Press." Lots of New York talk radio.
