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Recode Daily: Snapchat is speeding toward its IPO

Confidential filing targets the valuation at $20 billion to $25 billion.

Evan Spiegel
Snapchat CEO Evan Spiegel
Larry Busacca / Getty

Snapchat maker Snap has privately filed for an IPO that could value the company between $20 billion and $25 billion and hit the market as early as spring. The company is speeding ahead, even before seeing a significant contribution from its new automated ad sales product. — [Kurt Wagner / Recode]

Lots of good talk about the changing workplace onstage at Code Enterprise: LinkedIn CEO Jeff Weiner on automation and vocational training, Google cloud chief Diane Greene on artificial intelligence, Yves Behar and Ryan Mullenix on office design, Dropbox COO Dennis Woodside on collaboration, and much more. Full coverage here. — [Recode]

Donald Trump has requested top-secret security clearance for his son-in-law, developer and publisher Jared Kushner, an unprecedented move that could run afoul of anti-nepotism law. A Trump aide said a similar request for three of Trump’s children was made “without authorization” by a low-level staffer, since fired. — [NBC News]

Facebook says it has miscalculated several metrics that track how content performs on the network. When it made a similar announcement a few months ago, it unsettled advertisers and publishers. — [Peter Kafka / Recode]

AMCs IFC network is buying a minority stake in humor video hub Funny or Die, joining other programmers like Comcast, Turner and Discovery that have invested in digital properties. — [Peter Kafka / Recode]

In a move to combat its abuse problem, Twitter is giving its users the ability to block objectionable words, hashtags and emoji from appearing in their mentions, as well as a way to report “hateful” content. — [Kurt Wagner / Recode]

Top Stories From Recode

Elon Musk’s nonprofit is working with Microsoft to help make sure robots don’t take over the world

Open AI will use thousands of Microsoft’s virtual machines.

Pinterest is launching autoplay video

That should also mean more ads.

News Corp, the New York Times and Axel Springer are backing Scroll, a subscription service from the former CEO of Chartbeat

Tony Haile’s new project is still in the planning stages. But it’s interesting.

Tinder follows through with new options for transgender daters

The site is also welcoming back people who were unfairly banned based on their gender.

This Is Cool

Play around with some of Google’s AI experiments

Google knows the subject of machine learning can be intimidating, so it’s given us some toys to tinker with.

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