Re/code Daily - Alphabet Beat the Street and Ted Cruz Beat Donald Trump

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•	In its first earnings report since the Alphabet restructuring, Google reassured Wall Street with a healthy earnings report. Alphabet is now the most valuable publicly traded company in the world, and we learned that Google's moonshot projects don't cost as much as investors thought they did. What does that mean? Running Google's core business still requires a lot of money. [Mark Bergen \| Re/code]
•	Ted Cruz won the Republican Iowa caucuses last night, taking 28 percent of the vote home against Donald Trump's 24 and Marco Rubio's 23. Cruz's ground game had a lot to do with it, but you'll likely hear a lot about how it was a really good night for Rubio. In the Democratic race, Hillary Clinton and Bernie Sanders ended up in a virtual tie, but vote tabulation errors have everyone fuming. [Philip Rucker and Jenna Johnson \| The Washington Post]
•	Zulily, Gilt Groupe, Groupon, One Kings Lane and many other digital commerce companies are struggling, hunting for an acquisition or they have already been acquired. You can blame their gimmicky sales models, which never stood a chance against the Amazon behemoth. [Jason Del Rey \| Re/code]
•	After Yahoo reports its quarterly earnings today, Marissa Mayer is expected to announce that the company is shedding 15 percent of its workforce (about 1,600 jobs) and will be shutting down several divisions. Separately, a lawsuit from a former employee charges that a Yahoo employee rating system was used by managers to fire hundreds of people without cause. [Douglas MacMillan \| The Wall Street Journal]
•	More on Marissa Mayer: Here's a look at the $1 million book -- a physical book, with paper and ink -- that the Yahoo CEO distributed to her employees last fall, in an attempt to inspire/guide them. [Kara Swisher \| Re/code]