clock menu more-arrow no yes mobile

Filed under:

Recode Daily: Snap’s IPO was a success — now it has to prove it’s not Twitter

Evan Spiegel is excited.

Snapchat Parent Snap Begins Trading On New York Stock Exchange Drew Angerer / Getty

Snap shares shot up 44 percent on their first day of trading, finishing the day at $24.47. It was a smooth IPO, Recode managing editor Edmund Lee writes. But now the hard part: Snap needs to prove it’s more like Facebook than Twitter. — [Edmund Lee / Recode]

Snap CEO Evan Spiegel didn’t do much IPO press, but he granted one interview to the Los Angeles Times, which asked the 26-year-old how he was feeling: “‘How do we feel? We were just thinking about how do we answer that question,’ an exhausted Spiegel said, looking at his co-founder Bobby Murphy beside him. ‘It’s exciting’.” — [Paresh Dave / LA Times]

Vice President Mike Pence used a personal AOL account for some state business when he was governor of Indiana, including sensitive topics, according to emails released to The Indianapolis Star in response to a public records request. And he got hacked. — [Tony Cook / The Indianapolis Star]

Recode is podcasting live in Austin this month, and you're invited. Peter Kafka will interview Glenn Beck, and Kara Swisher and Lauren Goode will talk to tech pioneer Mary Lou Jepsen. More shows to come, details here. [Recode]

Amazon’s big AWS outage this week, which knocked parts of many large websites offline for hours, was caused by human error, the company admitted in a blog post — [Jason Del Rey / Recode]

Can a drone save your life? On the latest episode of Too Embarrassed to Ask, Zipline CEO Keller Rinaudo said it’s not science fiction. Zipline uses a 25-pound unmanned plane called Zip to airdrop blood and medical supplies into Rwanda. Open in iTunes or Google Play Music. — [Eric Johnson / Recode]

Top stories from Recode

Miranda Kerr’s Snapchat story might be the only Snap IPO coverage you need. Just kidding, please also read ours.

Snap’s IPO explained: Snap just raised $3.4 billion — but it’s only keeping $2.3 billion. Founders Evan Spiegel and Bobby Murphy are getting $272 million apiece.

This AI startup wants to help robot assistants ask people the questions. Would that be considered a role reversal?

Susan Fowler has hired a law firm as Uber investigates her claims of sexual harassment. Uber has also hired a second law firm in addition to Covington and Burling to help with the volume of the investigation.

Travis Kalanick has no one but himself to blame for Uber's toxic company culture. The same qualities that have served Uber well in its rapid growth and competition with players like Lyft have also created some of the toxicity that now exists at Uber.

Full transcript: Tech journalist and author Brad Stone on Recode Decode. His new book, “The Upstarts,” looks at Uber’s and Airbnb’s journey to become successful companies.

This is Cool

Duolingo’s free Russian language lessons. Just in case.

This article originally appeared on

Sign up for the newsletter Today, Explained

Understand the world with a daily explainer plus the most compelling stories of the day.