Re/code Daily - Facebook Beats the Street, Its Stock Skyrockets

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•	For Facebook, there is one metric that matters more than anything for earnings reports: ARPU, or Average Revenue Per User. Yesterday, Facebook said that it had grown its ARPU, and beat Wall Street profit estimates. The company's stock shot up more than 10 percent in after-hours trading. Also of note: Facebook still really wants people to know that Facebook video views are growing rapidly. [Kurt Wagner \| Re/code]
•	Marissa Mayer's latest round of Yahoo layoffs have begun, as she sets out to review the company's operations with an "Invest/Maintain/Kill" list of different units. Insiders say that there may not be as many cuts as Wall Street wants, and that its earnings report next week will be awful. [Kara Swisher \| Re/code]
•	This week on "Re/code Decode", Peter Kafka talked with Gawker Media owner and CEO Nick Denton and Gawker's first-ever outside investor, Columbus Nova's Jason Epstein. The three discuss the upcoming Hulk Hogan sex tape trial, how to make money in media in 2016 and more. [Eric Johnson \| Re/code]
•	Apple is reportedly going to show off its new iPad Air 3 at a mid-March event, alongside a new smartphone (the rumored "iPhone 5se") and new Apple Watch models. [Mark Gurman \| 9to5Mac]
•	Microsoft's earnings report will likely be about two big things: All the money that Microsoft is making from cloud services and technology, and all the money it's losing from the shrinking PC market. Amazon also reports its numbers today, but no one is expecting any surprises there. It's practically every other digital commerce firm that Wall Street is concerned about. [Matt Day \| The Seattle Times]