Quitting China helped slow the bleeding, but Uber still lost more than $800 million in the third quarter, and is on track to lose more than $3 billion for the year. Revenue is still growing and will likely top $5.5 billion this year. — [Eric Newcomer / Bloomberg]
Recode Daily: Uber is headed for a $3 billion loss this year
Revenue is expected to top $5.5 billion.
With Donald Trump’s victory driven in part by economic fears and anger, it’s time for Silicon Valley’s merry disrupters to grow up and get serious about the social consequences of the technologies they are creating. — [Kara Swisher / Recode]
A few electors went rogue or tried to (more Democrats than Republicans), but in the end, the Electoral College confirmed Trump as the next president of a deeply divided United States. — [Scott Detrow / NPR]
In a message to Apple employees, CEO Tim Cook said he met with Trump last week because “the way that you influence these issues is to be in the arena ... you don’t change things by just yelling.” Meanwhile, Cook is also talking to the Indian government, because he wants incentives to manufacture in that country. — [Ina Fried / Recode]
SoftBank is investing $1 billion in satellite broadband company OneWeb, enabling the startup to add 3,000 jobs. This is the first installment on SoftBank CEO Masayoshi Son’s pledge to Trump to create 50,000 jobs in the U.S. — [Alistair Barr / Bloomberg]
Snap, the parent company of Snapchat, has acquired ad tech company Flite, bringing in more talent as it prepares for an IPO as soon as March. — [Kurt Wagner / Recode]
Top Stories From Recode
Another week, another video push out of Facebook headquarters.
Is Zuckerberg’s home a testing ground for a new Facebook product?
That’s over 300 new drone pilot certifications a day.
More than half of App Store reviews give it just one star.
It’s an experiment at first, but it’s happening.
Harper Reed told Recode that if this happened in another country, we’d be demanding a new election.
None of the major players that make up the global robotics industry are based in the U.S.
“As we continue to learn from the internet, I want to pause to look back at what the internet has taught us so far.”
This Is Cool
The sequel comes out in October. (Bonus cult-favorite sequel teaser: From next year’s “Twin Peaks” revival on Showtime, David Lynch as FBI Regional Bureau Chief Gordon Cole, eating a damn fine donut.)
This article originally appeared on Recode.net.
See More:
