Tech leaders condemn Trump ban
The technology industry voiced widespread condemnation to the ban on travelers from seven majority-Muslim nations hastily enacted by the Trump administration Friday. Leaders of more than thirty large-cap technology companies like Microsoft and Apple, along with prominent investors, issued statements opposing the executive order. Google, whose founder Sergey Brin joined the San Francisco airport protest of the ban, told affected staff members overseas to return immediately to the U.S.
Snap said to plan IPO filing
Snap Inc. plans to publicly file for its much-awaited initial public offering late this week, according to media reports. That means the company will likely go public sometime in March, with an initial valuation potentially reaching $25 billion.
Sequoia invests more overseas; others scale back
Sequoia Capital made most of its venture investments outside the U.S. last year, according to an analysis of Crunchbase funding reported in TechCrunch. Over the same period, a number of other prominent Silicon Valley VCs scaled back the number of non-U.S. deals.
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