Trump took to Twitter to attack Amazon, which he accused of paying “little or no taxes.” His tweet sent Amazon’s stock down about 4 percent, but it rebounded within a few hours, as it always does after a Trump tweet makes it fall. [Michael Sheetz / CNBC]
Recode Daily: Amazon stock rebounds — as it always does — after Trump’s early-morning tweet attack
Plus, Facebook’s bad month keeps getting worse, the subject of the “Serial” podcast is getting a new trial, and the finest eggs tech money can buy.
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Facebook’s bad month keeps getting worse — this time because of a leaked internal memo by one of the company’s top executives that suggests, among other things, that Facebook’s mission to connect people is more important than user safety. Yesterday, Facebook outlined a more detailed plan to fight election interference in the 2018 midterms. [Kurt Wagner / Recode]
Snap is undergoing its third round of layoffs this year, cutting around 100 more people, most of them in sales. The company, which went public just over a year ago, restructured its content teams in January and laid off around 120 engineers earlier this month. [Kurt Wagner / Recode]
What do Donald Trump, the Crown Prince of Saudi Arabia and the owner of the National Enquirer have to do with each other? [New York Times]
The subject of the “Serial” podcast, Adnan Syed, has been granted a new trial in the case of the murder of his high school classmate Hae Min Lee. Syed was convicted in 2000 and has been in prison for 19 years; his case attracted international attention in 2014 when it was featured on the groundbreaking podcast. [Kevin Rector and Justin Fenton / The Baltimore Sun]
If the timeline Waymo rolled out this week is correct, autonomous vehicles will transform urban life by 2020. That’s the company’s way of saying, “Get ready, this is really happening.” This is autonomous driving at scale, and not in five years or 10 years or 50 years, but in two years or less. Meanwhile, carmakers Daimler and BMW are combining their car-sharing businesses into a joint venture to better compete with Silicon Valley companies out to upend the traditional automotive industry. [Alexis C. Madrigal / The Atlantic]
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This article originally appeared on Recode.net.
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