Home / News / Recode Daily: SoftBank has acquired 15 percent of Uber — what happens next?

Recode Daily: SoftBank has acquired 15 percent of Uber — what happens next?

gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw== - Recode Daily: SoftBank has acquired 15 percent of Uber — what happens next?

Plus, Apple apologizes for its iPhone battery drama; an collection of backward glances at 2017; and feature we reached top asshole?

You’re studying the remaining Recode Day-to-day of 2017 — giant because of all of our subscribers. We’ll be again to your inbox on Tuesday morning, Jan. 2, 2018. Satisfied New 12 months!

In a significant victory for each corporations, SoftBank has effectively received 1five % of Uber at a valuation of $48 billion — that’s down 30 % from its most up-to-date valuation of $70 billion. Recode analyzes the far-reaching penalties of the deal; right here’s the backstory. [Teddy Schleifer / Recode]

Apple apologized to consumers the previous day after the corporate used to be stuck slowing down some older iPhones to stop them from shutting off abruptly. Apple’s reaction — revealed on its website online as a letter to consumers, and together with a rather low cost method of changing out-of-warranty batteries — used to be an object lesson on responding to controversy, and at the significance of proactive conversation. [Dan Frommer / Recode]

MoviePass signed up greater than 1,000,000 subscribers in simply 4 months. It took Netflix greater than 3 years to succeed in that stage when it began promoting low-priced subscriptions for DVD leases in 1999. Spotify used to be rather fast, at 5 months in 2011; it took Hulu 10 months to succeed in a million later that yr. [The New York Times]

Felony marijuana arrives in California on Monday, after a long time of underground dealing. The state’s current marijuana black marketplace is value $13.five billion, whilst the felony marketplace might be value $five.1 billion in 2018. Whilst 5 different states already be offering felony marijuana gross sales, California’s sheer measurement is anticipated to reshape the pot business international, probably using down costs for shoppers whilst producing loads of hundreds of thousands of bucks in taxes. [USA Today]

Our sister web site, The Verge, passed out year-end file playing cards to 9 giant tech corporations. [The Verge]

The most productive images of 2017 — described via the individuals who shot them. [The Guardian]

Fb’s 50 maximum viral fake-news tales of the yr. [BuzzFeed]

The lives they lived. [The New York Times]

The 2018 in/out checklist. [The Washington Post]


Recode gifts …

Do you will have a tech-related New 12 months’s answer? Percentage it with us and you could see it in an upcoming Recode tale. Electronic mail [email protected] nowadays with what you’re planning on doing in a different way in 2018.


Best tales from Recode

Snapchat’s yr in assessment function is a reminder of ways a lot the app has developed.

Snap is some distance from the easy ephemeral-messaging app it as soon as used to be.

Craigslist competitor Letgo attempted to interact its rival OfferUp in merger talks.

The 2 are struggling with Craigslist and Fb in native trade.

What had been the most important tech tales of 2017?

Recode’s Kara Swisher and The Verge’s Lauren Goode depend down the Best 10 information pieces of the yr on the most recent episode of Too Embarrassed to Ask.

That is cool

Have we reached top asshole?


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