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Recode Daily: Intel wins Trump’s praise; Twitter disappoints Wall Street again

CEO Brian Krzanich credited the president, but the timing has more to do with competition.

Chris Kleponis-Pool/Getty Images

In an endorsement of President Trump’s business policies, Intel CEO Brian Krzanich used a White House visit to announce a $7 billion investment in an unfinished chip plant in Arizona. The plant was started in 2011, then mothballed in 2014. Now, for competitive reasons, Intel needs the next-gen chips. — [Ian King / Bloomberg]

Twitter missed its Q4, by underperforming on revenue, and told Wall Street it would have trouble with ad sales for a while. TWTR shares are down 9 percent. The upcoming Snap IPO is putting even more stress on Jack Dorsey and co. — [Kurt Wagner / Recode]

Speaking of the Snap IPO, a new filing shows the company has a deal to spend up to $1 billion on Amazon cloud services. It already disclosed a $2 billion Google cloud deal. — [Kurt Wagner / Recode]

Trumps order limiting new federal regulations is bad news for the future of drone delivery. The lack of regulations is stifling the industry’s growth. — [April Glaser / Recode]

Pinterest rolled out some new discovery features, including the ability to click on items in photos to buy them and a way to search Pinterest for a product based on an uploaded image. — [Kurt Wagner / Recode]

Flipboards redesign lets users pick highly specific topics to create customized “smart magazines” that automatically update with the latest news. — [Walt Mossberg / Recode]

On the latest episode of Recode Media with Peter Kafka, Atlantic editor and “Hit Makers” author Derek Thompson says effective distribution is more important than high-quality content and “viral” hits actually depend on existing networks. — [Eric Johnson / Recode]

Top Stories From Recode

Breitbart gets to keep using Shopify to sell its merchandise

“We don’t like Breitbart, but products are speech and we are pro free speech,” said CEO Tobias Lütke.

Consumer Watchdog asks California to take Uber’s self-driving trucks off the road

The DMV said Otto informed the agency that it was not operating its trucks autonomously in California.

Full transcript: Business Insider CEO and Editor in Chief Henry Blodget on Recode Media

“It’s been a very challenging year for the [media] industry,” to say the least.

‘Fun Home’ author Alison Bechdel thought a crazed fan was her Uber driver

Bechdel chats with Recode’s Kara Swisher on this special bonus episode of Recode Decode.

Molly Graham is taking on a top ops role at the Chan Zuckerberg Initiative

The $45 billion philanthropic organization is aiming widely, using Facebook stock.

Silicon Valley is awash in wealth. It should stop outsourcing its lower- and middle-income jobs.

For all its focus on social justice and other progressive concerns, the tech industry displays a rather shocking lack of interest in economic inclusivity.

Full transcript: CNN senior media correspondent Brian Stelter on Too Embarrassed to Ask

Fake news, alternative facts, gray areas — whatever you call it, media consumers need to be able to tell the legit from the not.

Will the Telecommunications Act get a much-needed update as it turns 21?

Two decades is a long time in the world of technology, and telecom is vastly different today than it was then.

Facebook is expanding Safety Check so people can offer help during a disaster

Facebook wants to connect those in need with people who have shelter or food to offer.

This Is Cool

The Science Guy is back

Here's the trailer for “Bill Nye Saves the World,” a sort of science-variety show debuting April 21 on Netflix.

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