Snap to start trading at $17 a share, Spotify going hi-fi?The day's biggest tech news headlines include Snap debuting its IPO at $17 a share, Microsoft teasing its new mixed-reality platform and rumors that Spotify will soon offer a lossless option.
[BLANK_AUDIO] The company starts trading today under the stock symbol SNAP. The debut is the largest IPO since Alibaba hit the market in 2014. At the Game Developers Conference in San Francisco, Microsoft has revealed its plans for a new mixed reality effort that will use headsets. The company plans for the technology to hit Xbox One and project Scorpion sometime in 2018 but for now selective developers would receive kits to test the new platform as earlier as this month. Finally it appears that Spotify is getting ready to announce a lossless streaming service that would go from 5 to 10 more downloads a month. Rumor's base on a number of screenshots Show that the new tier will be called Spotify Hi-Fi and stream uncompressed CD quality tunes similar to what the title streaming music service currently does. [MUSIC] You can stay up-to-date with the latest by downloading the CNET Tech Today app in the Apple or Google Play Store. [MUSIC] [BLANK_AUDIO]