JOY RIDE? We’re watching to see if Uber Technologies registers to go public today with plans to sell about $10 billion in stock. The ride-share company is expected to seek a valuation of up to $100 billion. All (lawyers’) eyes will be on the company’s SEC Form S-1 filing to see which firms land the coveted spots repping the company and the underwriters.
PRESSURE - In a move that shows the increasing influence the EU and other governments are exerting on social media companies and tech platforms, Facebook has agreed to change its terms of service so they are no longer what the EU says are “misleading.” Simon Taylor reports that in bowing to pressure from EU officials, the social media giant will change its terms and services to explain that it makes money by using personal data to sell targeted advertising. The changes, which take effect in June, will apply globally.
