Recode (@recode)

Tech news, analysis and events. Subscribe to Recode Decode👇🏻.

470 posts
27.5K followers
131 following
470 posts
27.5K followers
following
#Snapchat’s biggest problem isn’t @instagram, it’s the constant executive turnover. 
By our count, 10 Snapchat executives who reported directly to CEO @evan_spiegel have left the company since mid-2017. It’s almost unheard of to see that amount of turnover in that short a time, especially for a young company fresh off an IPO. 
This week, CFO Tim Stone announced he was departing. It was a surprising announcement and Snap's stock fell nearly 14 percent on the news. Spiegel has been lauded as a product genius, and he’s incredibly smart and can be very charming. But he demands loyalty and subscribes to the idea that you hire slow and fire fast. Not everyone is cut out to work in that environment. #evanspiegel #charts #data #tech #IPO #snapchats
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#Snapchat’s biggest problem isn’t @instagram , it’s the constant executive turnover.
By our count, 10 Snapchat executives who reported directly to CEO @evan_spiegel have left the company since mid-2017. It’s almost unheard of to see that amount of turnover in that short a time, especially for a young company fresh off an IPO.
This week, CFO Tim Stone announced he was departing. It was a surprising announcement and Snap's stock fell nearly 14 percent on the news. Spiegel has been lauded as a product genius, and he’s incredibly smart and can be very charming. But he demands loyalty and subscribes to the idea that you hire slow and fire fast. Not everyone is cut out to work in that environment. #evanspiegel #charts #data #tech #IPO #snapchats
@netflix has finally shared (some of) its audience numbers for its TV shows and movies. Some of them are huge: 
#Netflix estimates that it now accounts for 10 percent of TV screen time in the US, a signal to Wall Street about how much growth it has left. ▶️
The streaming service added more than 11 million customers last quarter, bringing their total subscriber count to 148.5 million. #charts #data #media #birdbox #bodyguard #netflixmovies
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@netflix has finally shared (some of) its audience numbers for its TV shows and movies. Some of them are huge:
#Netflix estimates that it now accounts for 10 percent of TV screen time in the US, a signal to Wall Street about how much growth it has left. ▶️
The streaming service added more than 11 million customers last quarter, bringing their total subscriber count to 148.5 million. #charts #data #media #birdbox #bodyguard #netflixmovies
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@glossier wants to rekindle the “humanity of things and the connections you feel with people” while shopping. "One thing that I’m very, very excited for is to create this new paradigm of commerce that is much more emotional. So, in some ways, I think @amazon really solved buying, but it killed shopping in the process. And increasingly, the sort of humanity of things and the connections you feel... and the kind of human experiences are going to I think be harder and harder to come by," CEO @emilywweiss told @karaswisher on Monday. Listen to the Recode Decode podcast, link in our story. Or listen to the episode on #iTunes, #Stitcher or wherever you listen to #podcasts. #commerce #glossier #tech #amazon #shopping #recodedecode #podcast #news
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@glossier wants to rekindle the “humanity of things and the connections you feel with people” while shopping. "One thing that I’m very, very excited for is to create this new paradigm of commerce that is much more emotional. So, in some ways, I think @amazon really solved buying, but it killed shopping in the process. And increasingly, the sort of humanity of things and the connections you feel... and the kind of human experiences are going to I think be harder and harder to come by," CEO @emilywweiss told @karaswisher on Monday. Listen to the Recode Decode podcast, link in our story. Or listen to the episode on #iTunes, #Stitcher or wherever you listen to #podcasts. #commerce #glossier #tech #amazon #shopping #recodedecode #podcast #news
You can now pay $16 for a @netflix subscription — double its original price from 12 years ago. 
The price of premium service, which now includes high-definition streaming on up to four devices, jumped up $2 to $15.99, while a basic subscription price rose for the first time to $8.99.

The hikes will help #Netflix pay for its ever-increasing content bill. Investors think that’s a good idea — the stock rose 6.5 percent yesterday and analysts released a bunch of optimistic ratings. #tech #data #chart #media #streaming #netflixmovies #netflixshows
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You can now pay $16 for a @netflix subscription — double its original price from 12 years ago.
The price of premium service, which now includes high-definition streaming on up to four devices, jumped up $2 to $15.99, while a basic subscription price rose for the first time to $8.99.

The hikes will help #Netflix pay for its ever-increasing content bill. Investors think that’s a good idea — the stock rose 6.5 percent yesterday and analysts released a bunch of optimistic ratings. #tech #data #chart #media #streaming #netflixmovies #netflixshows
@amazon will win advertising dollars away from @facebook amid privacy concerns, a new survey suggests. 
Amazon could double its ad revenue among top US ad buyers in the next two years, giving it 12 percent of total digital ad spending in 2020. Meanwhile, Facebook’s main social network platform is expected to lose 3 percentage points of market share in that time. 
Of the 50 US advertising buyers surveyed in late December, 18 percent said privacy concerns would lead to decreased ad spend on Facebook, more than any other platform. These ad buyers controlled a total of $14 billion in digital ad budgets in 2018.
#amazon #facebook #tech #data #charts #media
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@amazon will win advertising dollars away from @facebook amid privacy concerns, a new survey suggests.
Amazon could double its ad revenue among top US ad buyers in the next two years, giving it 12 percent of total digital ad spending in 2020. Meanwhile, Facebook’s main social network platform is expected to lose 3 percentage points of market share in that time.
Of the 50 US advertising buyers surveyed in late December, 18 percent said privacy concerns would lead to decreased ad spend on Facebook, more than any other platform. These ad buyers controlled a total of $14 billion in digital ad budgets in 2018.
#amazon #facebook #tech #data #charts #media
Some of the most popular shows on @netflix may be leaving #Netflix soon. ▶️
Many of Netflix’s most popular shows are owned by companies that plan to compete with Netflix. Which means many of those shows may vanish from the streaming service in the next few years.

So if you like watching “The Office,” “Grey’s Anatomy” or “Gossip Girl” on Netflix, you should enjoy them while you can. More than half of the 50 most popular shows on Netflix are owned by companies planning to launch their own streaming services — Disney (and its to-be-acquired Fox), NBCUniversal and WarnerMedia. #charts #streaming #theoffice #friends #parksandrec #oitnb #TV #data #tech
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Some of the most popular shows on @netflix may be leaving #Netflix soon. ▶️
Many of Netflix’s most popular shows are owned by companies that plan to compete with Netflix. Which means many of those shows may vanish from the streaming service in the next few years.

So if you like watching “The Office,” “Grey’s Anatomy” or “Gossip Girl” on Netflix, you should enjoy them while you can. More than half of the 50 most popular shows on Netflix are owned by companies planning to launch their own streaming services — Disney (and its to-be-acquired Fox), NBCUniversal and WarnerMedia. #charts #streaming #theoffice #friends #parksandrec #oitnb #TV #data #tech
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Finally some good news: The internet is getting faster! U.S. internet speeds rose nearly 40 percent this year. 
New Jersey had the highest mean download speed, while Rhode Island had the fastest upload speed in Q2 and Q3 of 2018. Maine had the slowest mean upload and download speeds of any state. California, the home of Silicon Valley, ranked 17th in downloads and 24th in uploads. #tech #data #trends #charts #internet
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Finally some good news: The internet is getting faster! U.S. internet speeds rose nearly 40 percent this year.
New Jersey had the highest mean download speed, while Rhode Island had the fastest upload speed in Q2 and Q3 of 2018. Maine had the slowest mean upload and download speeds of any state. California, the home of Silicon Valley, ranked 17th in downloads and 24th in uploads. #tech #data #trends #charts #internet
Don’t be the jerk who brings up #bitcoin this #Thanksgiving. 
Bitcoin, the marquee #cryptocurrency, was trading at an intraday high of $8,267 last Thanksgiving, up a mind-boggling 724 percent since the beginning of 2017, according to CoinMarketCap data. After a post-Thanksgiving rally it hit $10,000. By mid-December that amount doubled to nearly $20,000. Two days before Thanksgiving this year, bitcoin is trading at $4,577, or 77 percent below its peak.
#tech #data #charts #stocks #ethereum #litecoin #trading #markets #📈
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Don’t be the jerk who brings up #bitcoin this #Thanksgiving.
Bitcoin, the marquee #cryptocurrency, was trading at an intraday high of $8,267 last Thanksgiving, up a mind-boggling 724 percent since the beginning of 2017, according to CoinMarketCap data. After a post-Thanksgiving rally it hit $10,000. By mid-December that amount doubled to nearly $20,000. Two days before Thanksgiving this year, bitcoin is trading at $4,577, or 77 percent below its peak.
#tech #data #charts #stocks #ethereum #litecoin #trading #markets #📈
Recode and MSNBC’s “Revolution” special will be live tonight for a look into the new New York Times exposé on Facebook. Co-hosted by MSNBC's Stephanie Ruhle and Recode's Kara Swisher, the hour will begin with a deep-dive into Facebook’s latest crisis and the questions facing Mark Zuckerberg and Sheryl Sandberg. This special live coverage will be immediately followed by Kara Swisher’s exclusive one-on-one interview with Salesforce CEO Marc Benioff – taped earlier this week – in which Benioff addresses criticisms about Facebook and Silicon Valley as a whole as well as concerns he himself faces for working with U.S. Customs & Border Protection and purchasing TIME Magazine.

Tune in tonight at 10 p.m. ET / 7 p.m. PT on @MSNBC for the full @karaswisher interview with @salesforce CEO Marc Benioff. #facebook #tech #siliconvalley #msnbc #revolutionSF #media #politics #privacy
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Recode and MSNBC’s “Revolution” special will be live tonight for a look into the new New York Times exposé on Facebook. Co-hosted by MSNBC's Stephanie Ruhle and Recode's Kara Swisher, the hour will begin with a deep-dive into Facebook’s latest crisis and the questions facing Mark Zuckerberg and Sheryl Sandberg. This special live coverage will be immediately followed by Kara Swisher’s exclusive one-on-one interview with Salesforce CEO Marc Benioff – taped earlier this week – in which Benioff addresses criticisms about Facebook and Silicon Valley as a whole as well as concerns he himself faces for working with U.S. Customs & Border Protection and purchasing TIME Magazine.

Tune in tonight at 10 p.m. ET / 7 p.m. PT on @MSNBC for the full @karaswisher interview with @salesforce CEO Marc Benioff. #facebook #tech #siliconvalley #msnbc #revolutionSF #media #politics #privacy
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It took more than a decade, but #Twitter just turned a profit for the fourth quarter in a row. 
@twitter reported its fourth straight profitable quarter on Thursday. The company’s net income was $789 million for the quarter, but a lot of that was attributed to a massive “one-time release of deferred tax asset valuation allowance,” which accounted for $683 million.
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Twitter also reported a loss of nine million monthly active users, a decline it had prepared Wall Street for. The company has said this decline in MAUs is mostly due to its efforts to clean up the “health” of the service, something CEO Jack Dorsey reiterated in a statement Thursday. #tech #charts #twtr #stock #stocks #stockmarket #earnings #data #tweets
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It took more than a decade, but #Twitter just turned a profit for the fourth quarter in a row.
@twitter reported its fourth straight profitable quarter on Thursday. The company’s net income was $789 million for the quarter, but a lot of that was attributed to a massive “one-time release of deferred tax asset valuation allowance,” which accounted for $683 million.
🔽
Twitter also reported a loss of nine million monthly active users, a decline it had prepared Wall Street for. The company has said this decline in MAUs is mostly due to its efforts to clean up the “health” of the service, something CEO Jack Dorsey reiterated in a statement Thursday. #tech #charts #twtr #stock #stocks #stockmarket #earnings #data #tweets
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Here’s why no one really knows how many jobs #automation will replace: 
For example, researchers at Citibank and the University of Oxford estimated that 57 percent of jobs in OECD countries — an international group of 36 nations including the U.S. — were at high risk of automation within the next few decades. In another study, researchers at the OECD calculated only 14 percent of jobs to be at high risk of automation. 
So why do these predictions cover so much range? Recode asked leading academics and economists in the field and found some of the challenges in sizing how automation and similar technology will change the workforce. “All of these studies that have tried to put a number on how many jobs are going to be lost in a decade or two decades or five years — they’re trying to do something that is just impossible,” said Carl Benedikt Frey, an economist at the University of Oxford. #tech #jobs #ai #siliconvalley #data #charts
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Here’s why no one really knows how many jobs #automation will replace:
For example, researchers at Citibank and the University of Oxford estimated that 57 percent of jobs in OECD countries — an international group of 36 nations including the U.S. — were at high risk of automation within the next few decades. In another study, researchers at the OECD calculated only 14 percent of jobs to be at high risk of automation.
So why do these predictions cover so much range? Recode asked leading academics and economists in the field and found some of the challenges in sizing how automation and similar technology will change the workforce. “All of these studies that have tried to put a number on how many jobs are going to be lost in a decade or two decades or five years — they’re trying to do something that is just impossible,” said Carl Benedikt Frey, an economist at the University of Oxford. #tech #jobs #ai #siliconvalley #data #charts
@facebook showed off its “election war room” yesterday - the office where it’ll monitor and respond to possible election interference efforts leading up to the midterms. #Facebook says it always creates digital “war rooms” for elections. This is the first time it has had a physical one.

Here’s what it looks like. 
Some monitors on the wall are tracking things like reports of voter suppression, for example. If there’s a spike in reports, FB will try to figure out what’s going on. 
The room has 24 desks, and in theory, people in the room should be qualified to make decisions in the moment to avoid long delays. ➡️
The room is totally unimpressive from the outside. It’s at Facebook’s main HQ in Menlo Park, and the only thing that distinguishes it from any other conference room door is this blacked out window and paper sign.

In the weeks leading up to the election, the room will be staffed 24 hours/day. Employees will rotate shifts. 
Maybe this will stop some massive misinformation campaign? Or maybe this room is just decoration to show the media/politicians how seriously FB is taking this? 🤷🏻‍♂️ We probably won’t know for a couple of months. Anyways, happy voting! 📸: By Recode Social Media Editor @kurtwag8 #elections #midterms #vote #FB #markzuckerberg #election2018 #election #tech #media #socialmedia #siliconvalley #technology
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@facebook showed off its “election war room” yesterday - the office where it’ll monitor and respond to possible election interference efforts leading up to the midterms. #Facebook says it always creates digital “war rooms” for elections. This is the first time it has had a physical one.

Here’s what it looks like.
Some monitors on the wall are tracking things like reports of voter suppression, for example. If there’s a spike in reports, FB will try to figure out what’s going on.
The room has 24 desks, and in theory, people in the room should be qualified to make decisions in the moment to avoid long delays. ➡️
The room is totally unimpressive from the outside. It’s at Facebook’s main HQ in Menlo Park, and the only thing that distinguishes it from any other conference room door is this blacked out window and paper sign.

In the weeks leading up to the election, the room will be staffed 24 hours/day. Employees will rotate shifts.
Maybe this will stop some massive misinformation campaign? Or maybe this room is just decoration to show the media/politicians how seriously FB is taking this? 🤷🏻‍♂️ We probably won’t know for a couple of months. Anyways, happy voting! 📸: By Recode Social Media Editor @kurtwag8 #elections #midterms #vote #FB #markzuckerberg #election2018 #election #tech #media #socialmedia #siliconvalley #technology
On average, drivers who transport people (Uber or Lyft) or things (Uber Eats or Postmates) through an app made 53 percent less in 2017 than they did in 2013. And the average monthly payments to those who worked for a transportation app in a given month declined to $783 from $1,469.
🔻
The share of the working population that has participated in the online gig economy at any point in a year rose from less than 2 percent in 2013 to nearly 5 percent in 2018. #tech #data #charts #uber #Lyft #postmates #gigeconomy #gig #delivery #transportation
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On average, drivers who transport people (Uber or Lyft) or things (Uber Eats or Postmates) through an app made 53 percent less in 2017 than they did in 2013. And the average monthly payments to those who worked for a transportation app in a given month declined to $783 from $1,469.
🔻
The share of the working population that has participated in the online gig economy at any point in a year rose from less than 2 percent in 2013 to nearly 5 percent in 2018. #tech #data #charts #uber #Lyft #postmates #gigeconomy #gig #delivery #transportation

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