Snapchat IPO investors won’t get voting power, Wilcon plans to wire downtown Los Angeles to aid increased cell demand, DirecTV Now customer complaints growing, and more.
Investors won’t get any voting power with shares purchased in Snap Inc.’s initial public offering, according to people familiar with the matter, reports The Wall Street Journal. That leaves key decisions, such as the makeup of the board, to co-founders Evan Spiegel and Bobby Murphy, who are expected to hold more than 70 percent of the voting power despite owning roughly 45 percent of the stock.
To serve growing bandwidth demand from wireless phone companies, telecommunications firm Wilcon announced plans to expand and then connect its fiber-optic network to hundreds of small cellular sites in downtown Los Angeles, reports the Business Journal. By further integrating into various cell networks, the company is aiming to provide greater bandwidth capacity to wireless providers who are burdened by requests for more data from their users, particularly users viewing videos
DirecTV’s streaming television package, DirecTV Now, is running into problems as growing number of customers report service failure, reports The Verge. Subscribers have complained of not being unable to watch shows, frequent interruptions, missing features, and billing issues.
The city of L.A.’s Information Technology Agency has developed a voice-activated calendar of local events for Alexa, Amazon’s personal assistant, reports Venture Beat. The city of Los Angeles want to explore ways a virtual assistant can encourage participation in democratic processes and deliver government services.
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