Anita Balakrishnan is a CNBC News Associate covering technology and breaking business news.
Prior to joining CNBC, Balakrishnan held an internship with USA Today's Money Section as part of the Dow Jones News Fund Internship Program, where she covered personal finance, media consolidation and the U.S. economy.
Balakrishnan holds a master's degree from New York University in Business and Economic Reporting and a bachelor's degree from the University of Denver in Economics and Environmental Biology.
Follow Anita Balakrishnan on Twitter @MsABalakrishnan.
By the end of the day on Friday, the trio were just $27.4 billion richer.
The company priced its IPO at $15 a share, above the expected range of $12 to $14 a share.
Amazon's AWS held steady at 33 percent of the worldwide market share of cloud infrastructure service providers in the first quarter, according to Synergy.
Tech shares have risen more than banks, utilities, health firms, energy companies or consumer brands.
"Both executive teams are working incredibly hard on planning the integration of the companies," Tim Armstrong wrote.
According to Bloomberg, Iovine needed to raise money and dilute his stake in Beats.
The Y Combinator president has been a vocal proponent for net neutrality.
Self-driving car unit Waymo, life sciences unit Verily, and smart home platform Nest were highlighted in the letter.
Credit Suisse expects Microsoft's cloud to continue growing at a pace of more than 50 percent revenue growth until 2018.