Just days before his inauguration, Donald Trump again roiled international relations, raising concerns across Europe with disparaging remarks about NATO and the European Union and infuriating China with comments about Taiwan. — [Steven Erlanger / New York Times]
Facebook paid publishers more than $50 million last year in its effort to get more live video on the service, but numerous publishers don’t expect those deals to be renewed. The company is now pushing for longer, premium video content. — [Kurt Wagner / Recode]
South Korean prosecutors are seeking the arrest of Samsung heir Lee Jae-yong on bribery and embezzlement charges in connection with a wide-ranging influence-peddling scandal. The development could disrupt the company and throw succession plans into disarray. — [Eun-Young Jeong, Jonathan Cheng and Timothy W. Martin / Wall Street Journal]
Executives of camera drone company Lily Robotics blamed its demise on financing difficulties, but a suit filed by the San Francisco District Attorney’s office alleges the company faked a promotional video and misled customers, while industry sources pointed to technical hurdles. — [April Glaser / Recode]
Investors in the IPO of Snap, maker of Snapchat, will not get any voting power with their shares. Co-founders Evan Spiegel and Bobby Murphy are expected to have 70 percent of the voting power while holding about 45 percent of the stock. — [Maureen Farrell / Wall Street Journal]
Mark Zuckerberg is scheduled to testify today in a $2 billion lawsuit filed by ZeniMax Media that alleges Facebook bought virtual-reality headset maker Oculus knowing that it was using technology stolen from ZeniMax. — [Queenie Wong/ San Jose Mercury News]
Another big name is joining the impressive speaker lineup for the Code Media conference Feb. 13-14 in Laguna Niguel, Calif.: Facebook media boss and deal maker Dan Rose. Sign up now. — [Peter Kafka / Recode]
Top Stories From Recode
So says outgoing U.S. Secretary of Transportation Anthony Foxx, on the latest episode of Recode Decode.
Elon Musk’s rocket company launched ten of Iridium’s satellites on Saturday morning.
A Tesla owner found the limits of smartphone keyless entry the annoying way.
But Silicon Valley likes Srinivasan.
From February 2016: “I just don’t think people recognize how difficult it is to pull off what they’ve pulled off.”
That’s $16 trillion in worldwide wages. Can’t blame China for that.
This Is Cool
This article originally appeared on Recode.net.