Re/code Daily - Samsung Shuffles Executive Ranks as Smartphone Biz Struggles - Dec 01, 2015

Read Now  • Samsung's smartphone business has steadily worsened since 2013, and the company is expected to see an 8 percent earnings drop this year. That's why Vice Chairman Lee Jae Yong has appointed a new chief mobile exec, Koh Dong Jin, whose software-oriented background indicates a change of focus for Samsung. [Jungah Lee | Bloomberg Business] • AppDynamics, a company that helps clients like Tesla and Xerox double-check their computer code for any major flaws, has raised $158 million at a roughly $2 billion valuation. The funding was led by General Atlantic and Altimeter Capital, with participation from Goldman Sachs, Adage Capital and others. [Leslie Picker | The New York Times] • More evidence that the economy is cooling off: Business investment in things like machinery, real estate and capital equipment has slowed down dramatically as share buybacks increase and consumer demand tapers off. [Eric Morath | The Wall Street Journal] • A few days ago, news broke that the toy maker Vtech had suffered a devastating breach, exposing the personal information of millions of customers and over 200,000 kids. 2015's most disturbing hack has gotten even worse, as it appears the intruder was also able to obtain children's headshots and chat logs. [Lorenzo Franceschi-Bicchierai | Motherboard] • Lending startups backed by big names like Chris Sacca and Pierre Omidyar are evaluating how people in the developing world use their smartphones (e.g. how often they recharge their batteries, how many incoming texts they get) in order to determine their creditworthiness. [Elizabeth Dwoskin | The Wall Street Journal]  Top Stories from Re/code  Policy FAA Permit for Drone Flight School May Help Amazon, Google Speed Up Delivery Plans By Mark Bergen Why Kansas State's polytechnic campus matters for Amazon and Google. Social Your Snapchat Selfie Can Actually Raise Money for AIDS Prevention on Tuesday By Kurt Wagner (RED) and Snapchat are partnering for World AIDS Day. Culture Apple CEO Tim Cook to Receive Robert F. Kennedy Center Award By Dawn Chmielewski The Ripple of Change Award recognizes work on behalf of social justice. Social I Tried Holiday Shopping on Facebook and Twitter and Got Nowhere By Kurt Wagner Facebook and Twitter aren't ready for prime-time holiday shoppers. Enterprise How Tanium CTO Orion Hindawi Avoids Silicon Valley ‘Monoculture’ (Q&A) By Arik Hesseldahl The co-founder of the closely watched startup talks about the market correction he sees coming and why the federal government sucks at securing its computers. Media Adele Owned Last Week, but a Guy You’ve Never Heard Of Owns Pop Music. Here’s How He Did It. By Peter Kafka You don't know Max Martin, but he knows what you like to listen to. John Seabrook, the author the "The Song Machine," explains.  This Is Cool  Price-Gouging AIDS Drug Guy Now Involved In Weird Short-Selling Thing Martin Shkreli is the pharma CEO responsible for dramatically hiking the price of an AIDS drug and pissing off the whole Internet a few months ago. More recently, he's snapped up the remnants of rival KaloBios and messed with investors who are short-selling KaloBios, causing 4,000 percent fluctuations in the company's stock price. The whole thing sounds dastardly and strange. Read more Re/code Daily here! Your friends can also receive Re/code Daily! They can sign-up for FREE here. For Reprints and Permissions, click here. |  News  |  Podcasts  |  Events  | Follow Us: You are receiving this email because you subscribed to Re/code Daily. If you would like to unsubscribe, click here. Mailing Address: Re/code – PO Box 1830, Morgan Hill, CA 95038 Copyright © 2015 Vox Media, Inc.

 

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