Uber is looking for a $2 billion loan, which is unusual for a startup but not all that surprising for cash-hungry Uber, which also recently got a $3.5 billion equity investment. It makes sense that Uber needs all this cash, because the company is barreling toward building privatized, self-driving mass transit.
[Johana Bhuiyan | Recode]
Twitter once thought about buying Soundcloud, but decided not to. Now, Twitter has invested $70 million in the music streaming service, possibly looking to add music features that will help Twitter with the user growth it desperately needs.
[Peter Kafka and Kara Swisher | Recode]
CEO Drew Houston says he has righted the ship at struggling Dropbox, the $10 billion company that's viewed by some as the poster boy for overvalued unicorn startups. Houston told Bloomberg that the company is "free cash-flow positive," or profitable when not accounting for capital expenditures.
[Arik Hesseldahl | Recode]
Bed Bath & Beyond has acquired One Kings Lane, the online furniture retailer, for a purchase price the company called "not material." As recently as early 2014, One Kings Lane raised funding at a $900 million valuation.
[Suzanne Kapner | The Wall Street Journal]
Recently, Zenefits forced out its founding CEO amid a messy regulatory scandal prompted by a series of BuzzFeed News articles. Things continue to look shaky at Zenefits: The company is now cutting 9 percent of its staff, and has laid off more than 350 people since January.
[Arik Hesseldahl | Recode]
Politics
By Dawn Chmielewski
The venture capitalist said any proposal to "choke off" immigration"makes me sick to my stomach."
Voices
By Shane Atchison
Microsoft got a great deal on LinkedIn. Here’s why.
Microsoft
By Kara Swisher
The longtime tech investor and entrepreneur is an insider’s insider in Silicon Valley.
Policy
By Recode Staff
Tim Wu first articulated the concept 14 years ago.
Security
By Dawn Chmielewski
Two groups believed to have ties to Russian intelligence services sniffed around the DNC's computers for more than a year.
You probably know the band because of the song "All Star."
Here's that scene from "Shrek." Go watch. I'll wait. Anyway, Smash Mouth has an insane Twitter presence and picks a lot of ridiculous fights about Billboard positions and the Monkees. Gawker has the story.
This article originally appeared on Recode.net.
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