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Pandora co-founder and CEO Tim Westergren plans to step down as the head of the 17-year-old company, an early pioneer in streaming music. Earlier this month, Sirius XM said it would invest $480 million in Pandora in exchange for a 19 percent stake and three board seats. [Peter Kafka / Recode]
The Congressional Black Caucus is pushing Uber to hire more people of color. The group of black lawmakers is sending a letter to Uber, asking chairman and co-founder Garrett Camp to detail the steps he’s taking to ensure that Uber is considering black candidates for senior jobs — including CEO, COO, CFO, CMO and general counsel. [Tony Romm / Recode]
High-profile Silicon Valley venture capitalist Justin Caldbeck has quit after six women in the tech industry accused him of sexual harassment. Caldbeck is the co-founder of Binary Capital, an early-stage investment firm, which has delayed its plans to close on more than $75 million in new capital for its second fund. [Dan Primack / Axios]
Activist investor Daniel S. Loeb has taken a $3.5 billion stake in global food giant Nestlé, agitating for it to sell off nonessential operations and re-organize. Loeb aggressively prodded change at Yahoo; his hedge fund, Third Point, is Nestlé’s sixth-largest shareholder. [Michael J. de la Merced / The New York Times]
Walmart has told some technology companies that if they want its business, they can’t run applications on rival Amazon’s industry-leading cloud-computing service. Walmart pushed for some vendors to use alternatives to Amazon Web Services, the dominant player in on-demand, web-based computing power and storage. [The Wall Street Journal]
Uber’s brand has been “severely tarnished” by its scandals and executive departures, but the company can change, says Fortune Executive Editor Adam Lashinsky on the latest episode of Recode Decode. Lashinsky is the author of the new book “Wild Ride: Inside Uber’s Quest for World Domination,” which traces the rise of Uber and its former CEO, Travis Kalanick. [Eric Johnson / Recode]
Top stories from Recode
Despite “extreme weather,” SpaceX completed back-to-back Falcon 9 missions.
The new Falcon 9 rocket launched and landed Sunday afternoon, just two days after another successful landing.
A former Twitter exec explains why “Zuck isn’t running for president.”
In a viral tweetstorm, former Ticketmaster CEO and Twitter VP Nathan Hubbard lays out a convincing case.
Uber board directors saw key documents on an acquisition as part of Alphabet’s lawsuit.
Uber has said Alphabet trade secrets were never transferred to its servers.
Venmo is testing its own physical debit card.
Plastic is so hot right now.
Amazon’s idea for a massive drone dock looks like a cross between a beehive and a spaceship.
Amazon is interested in moving its future drone delivery fulfillment centers closer to urban centers.
This is cool
This is what a librarian looks like
Kyle Cassidy photographed hundreds of librarians for his new book, which challenges stereotypes of librarian style, and looks at how they are the champions of our communities. [Ellie Violet Bramley / The Guardian]
This article originally appeared on Recode.net.
