A federal pass judgement on dominated that AT&T should purchase Time Warner — and didn’t follow any restrictions or stipulations to his choice. That clears the best way for different “vertical” mergers. Subsequent up, someday these days: Comcast will officially announce a brand new bid for the 21st Century Fox belongings Disney has already agreed to shop for. [Peter Kafka / Recode]
Twitter’s inventory is at a three-year prime after being a relative educate destroy for years. The day prior to this it closed at $43.49 — up 155 % from a yr in the past. What’s going on? [Kurt Wagner / Recode]
Tesla is shedding nine % of its body of workers. Elon Musk stated it was once a “tough, however vital” restructuring that may lend a hand the corporate flip a benefit, and wouldn’t impact its manufacturing of its mass-market Type three vehicles. [Washington Post]
E-scooter startup Chicken is looking for a $2 billion valuation, simply weeks after it raised $150 million at a $1 billion valuation and best 3 months after elevating at a $300 million valuation. One imaginable funding thesis: Large ride-hail gamers like Didi, Lyft or Uber will quickly pay as much as achieve Chicken. The concept that of dockless scooters is among the purest manifestations of what analyst Ben Thompson referred to in 2016 as “The whole lot as a Provider.” [Dan Primack / Axios]
After power from Amazon, Seattle’s town council has voted to repeal its contentious so-called “head tax,” not up to a month after unanimously passing the tax, which might have taken $275 in step with full-time worker from corporations producing over $20 million in income, together with Amazon and Starbucks. The tax was once earmarked for homeless services and products and inexpensive housing. [Bryan Menegus / Gizmodo]
Following a two-month suspension, Chinese language telecom company ZTE will resume buying and selling the next day after agreeing to pay as much as $1.four billion in consequences to the U.S. govt, radically overhaul its control, open itself to U.S. inspections of its websites and reinforce public disclosure of its provide chain. [Sijia Jiang / Reuters]
Are Apple’s AirPods an omen of cultural trade? The corporate’s slick, wi-fi earbuds paintings nice, however they will foreshadow startling adjustments to the social cloth. [Ian Bogost / The Atlantic]
Recode Items …
So AT&T should purchase Time Warner. What’s subsequent? Kara Swisher and Peter Kafka can be answering your questions on media mergermania in this week’s Too Embarrassed to Ask! Tweet your Qs with the hashtag #TooEmbarrassed or e-mail them to TooEmbarrassed@recode.web these days.
Best tales from Recode
As a file exec, Lyor Cohen was a little bit anti-YouTube.
Now he’s soaking in it as the corporate’s world head of song. Pay attention in or learn alongside as he talks concerning the release of YouTube Song on Recode Media with Peter Kafka.
That is cool
Sofa displays vs. telephone displays.