Snap’s IPO filing shows rapid growth over its five years (though it slowed last quarter) and numbers that look more like Twitter’s than Facebook’s at this stage. Other nuggets: Rising payouts to publishing partners, a big Google Cloud contract and a bonus for CEO Evan Spiegel. — [Kurt Wagner / Recode]
Recode Daily: Here are the numbers inside Snap’s IPO
Five years of rapid growth, but no profit yet.
Screenshot
Stung by customer backlash and a reported 200,000 canceled accounts, Uber CEO Travis Kalanick quit President Trump’s business advisory council and reiterated his opposition to Trump’s immigration ban. Elon Musk said he’ll stay on the council in order to voice his objections. Meanwhile, Microsoft pressed the government to allow more exceptions to the ban. — [Kara Swisher / Recode]
Amazon’s Q4 beat expectations on profit, but a miss on earnings and disappointing Q1 guidance sent the stock down 4 percent. Troubled GoPro plunged 13 percent after Q4 sales came in below analysts’ forecasts. — [Jason Del Rey / Recode]
Here’s a long interview with Bill Simmons on The Ringer’s first year, his canceled HBO show and what ESPN got right. — [Peter Kafka / Recode]
Congressional investigators have raised safety concerns over cracking in fuel pump components in the Falcon 9 rocket that SpaceX plans to use for manned launches. SpaceX said it will modify the final design. — [Andy Pasztor / Wall Street Journal]
On the latest episode of Too Embarrassed to Ask, CNN host Brian Stelter says the term “fake news” has been exploited and misused, and it’s time to use more specific language. — [Eric Johnson / Recode]
Top Stories From Recode
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Yuge!
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Former New York Attorney General Eliot Spitzer cost Blodget millions of dollars, but “life is long,” the Business Insider CEO says.
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Next-generation media, meet next-gen branding, advertising and experiences at lightning speed.
This Is Cool
Courtesy of the folks at Drawbotics, wander through the offices of Dunder Mifflin, the “Parks and Rec” department, the cop shop from “Brooklyn Nine-Nine,” Erlich Bachman’s incubator from “Silicon Valley” and more.
This article originally appeared on Recode.net.
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