Here’s why Uber won’t fire its CEO: The rise of super-voting shares in Silicon Valley has given strategic founders the ultimate job security. And at Uber, the only person who can decide Uber needs a new CEO is its co-founder and current CEO, Travis Kalanick. [Jesse Hempel / Backchannel]
Amazon’s rivals in India are teaming up to battle the Seattle-based giant in the world’s next great e-commerce market. EBay has invested $500 million in, and is selling its India operation to, homegrown competitor Flipkart as part of a $1.4 billion funding round. At the same time, SoftBank is pushing another player, Snapdeal, to sell to Flipkart for $1 billion. [Jon Russell / TechCrunch]
Here’s why Facebook’s $I billion Instagram acquisition was such a great deal: Five years ago, Instagram had just 30 million users and zero revenue; now it has more than 600 million users, and many analysts believe it will soon be a multi-billion dollar ad business — if it’s not already. [Kurt Wagner / Recode]
A cadre of diehard Twitter users started a petition encouraging the company to sell itself to its users — essentially turning Twitter into a co-op. The proposal surfaced on Friday when Twitter filed its proxy statement with the SEC ahead of its shareholders meeting coming up in May. So did some salary figures: Two of Twitter’s highest-paid executives left behind more than $35 million in stock awards when they resigned from the company at the end of last year. That’s a lot, even for Silicon Valley execs. [Kurt Wagner / Recode]
The next evolution in office working could be employees getting implanted with microchips that can be programmed to speak to other networked devices. A growing trend in bodily implants is “turning the internet of things into the internet of us,” says the founder of a Swedish company that specializes in injecting microchips about the size of a grain of rice under people’s skin. [April Glaser / Recode]
Tech CEOs should listen to their employees and stand up to President Trump, says venture capitalist Bijan Sabet, a general partner at Spark Capital, on the latest episode of Recode Decode, hosted by Kara Swisher. Employers have the chance to be a role model for their employees, Sabet says, by speaking out on issues that sometimes defy party lines, such as immigration, minimum wage and the environment. [Eric Johnson / Recode]
Top stories from Recode
The gig economy startup has hired advisers after a possible purchaser surfaced during a recent funding process.
The search giant is trying to battle the spread of fake news.
Uber makes the list, too.
The company further says that an injunction isn’t necessary because all the cars on the road are using Velodyne lidar.
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Anyone with an internet connection could buy the images and do whatever they wanted with them: My face sold booze and milk, I graced the cover of a book about monster hunters, and I was the poster boy for a horrifying penis condition. [Niccolo Massariello / Vice]
This article originally appeared on Recode.net.