Reuters Technology Report: March 2, 2017

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Snap's sought-after shares set for market debut after $3.4 billion IPO NEW YORK (Reuters) - Snap Inc's in-demand shares are set to start trading in New York on Thursday after the owner of the popular Snapchat messaging app raised $3.4 billion in its initial public offering (IPO) on Wednesday, above its price expectations.

Musk says Tesla to run contest for homemade commercials (Reuters) - Elon Musk, an active Twitter user, has been Tesla's mouthpiece to the public, informing them about the electric car maker's upcoming products and plans.

Exclusive: SEC advisory committee to question Snap's transparency for investors BOSTON (Reuters) - An investor committee that advises the U.S. Securities and Exchange Commission will next week review if Snap Inc's decision to deny shareholders voting rights might also reduce the social media company's public disclosures on executive pay and other governance matters, the head of that committee told Reuters on Wednesday.

Chinese e-commerce firm JD.com's revenue jumps 47 percent (Reuters) - JD.com Inc, China's second biggest e-commerce company after Alibaba Group Holding Ltd, said on Thursday fourth-quarter revenue jumped 47 percent, exceeding the company's expectations.

Automaker Geely calls on China to relax mapping rules to speed self-drive development BEIJING (Reuters) - Chinese automaker Geely [GEELY.UL] called on the government on Thursday to loosen strict controls on mapping, saying current rules in place for national security reasons risk inhibiting the development of self-driving vehicles.

Toshiba to sell $134 million worth of shares in molding machine affiliate TOKYO (Reuters) - Toshiba Corp said it will sell almost all its stake in affiliate Toshiba Machine Co for $134 million as it scrambles for cash to stave off a financial collapse.

Uber rival Lyft looking to raise $500 million fresh funds: source (Reuters) - Uber competitor Lyft is pitching investors on a new funding round and hopes to net at least $500 million, according to a source familiar with the matter.

Yahoo says about 32 million accounts accessed using 'forged cookies' (Reuters) - Yahoo Inc , which disclosed two massive data breaches last year, said on Wednesday that about 32 million user accounts were accessed by intruders in the last two years using forged cookies.

Facebook's Oculus cuts price of virtual reality set by $200 SAN FRANCISCO (Reuters) - Facebook Inc's virtual reality unit Oculus has cut $200 from the total price of its flagship hardware set, in a bid to expand the system's base of video game players, the company said on Wednesday.

U.S. appeals court tosses patent verdict against Apple (Reuters) - A federal appeals court has thrown out a jury verdict that had originally required Apple Inc to pay $533 million to Smartflash LLC, a technology developer and licenser that claimed Apple's iTunes software infringed its data storage patents.