Re/code Daily - Foursquare Loses Its CEO and More Than Half Its Value - Jan 15, 2016

Read Now  • Foursquare has finished raising its latest round at a valuation of $250 million, less than half of what it was worth in 2013 (news that Re/code reported last month). Additionally, CEO Dennis Crowley will leaving that job to become the board's executive chairman. [Peter Kafka | Re/code] • Snapchat has a lot of people who use it, and now it wants to turn those eyeballs into money. To do so, it wants build advertising tools and revenue, which is why the messaging service is talking with various ad tech startups about an acquisition. [Kurt Wagner | Re/code] • Xiaomi, previously the world's most valuable venture-backed startup, has been steadily losing market share to rival Chinese smartphone makers. More than anything, that's why Xiaomi missed its 80 million phone sales target for 2015, and why people are bearish on the company's future. [Eva Dou | The Wall Street Journal] • Intel did better than expected in the fourth quarter of 2015, but its stock fell almost six percent on the news that its prospects for 2016 don't look that great. [Ina Fried | Re/code] • Introducing Re/code's newest podcast, "Too Embarrassed to Ask" with Verge editor and reviewer Lauren Goode. This week, she talks with Kara Swisher and The Verge's Casey Newton about CES, Peach and audience questions about technology. [Eric Johnson | Re/code]  Top Stories from Re/code  General Bill Clinton Schedules Bay Area Fund-Raising Visit By Dawn Chmielewski The former two-term president will swing through the area on behalf of his wife's presidential campaign. Science Theranos, Obamacare and Robots Doing Surgery: Talking With Johnson & Johnson Executive Sandi Peterson By Noah Kulwin "At the end of the day, consumers are going to demand a different kind of experience." Commerce Adyen Is the $2 Billion Payments Startup You've Never Heard Of (Unless You're a Payments Nerd) By Jason Del Rey The company says it generated a profit on $350 million in revenue in 2015. Culture Facebook’s Sheryl Sandberg Donates $31 Million in Facebook Stock to Charity By Kurt Wagner Lean In and other women-empowerment groups will get the majority of the money. Policy Obama’s $4 Billion Plan for Self-Driving Cars Will Make Google Very Happy By Mark Bergen The Obama administration sees a future without a driver behind the wheel. Enterprise Salesforce.com’s AppExchange Is 10 Years Old Today By Arik Hesseldahl Once a curious cottage industry, the service has grown into an essential hub for $1.5 billion in annual software sales.  This Is Cool  Here Is a Good Take About Last Night's GOP Debate The New Republic's Brian Beutler says that last night's debate was a disaster for the Republican establishment, because Marco Rubio and all of the non-Cruz and non-Trump candidates failed to steal any attention from the main two attractions. The Iowa caucuses are less than three weeks away, and 53 percent of Republican voters support Ted Cruz or Donald Trump. 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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