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Recode Daily: Trump takes on Dreamers, Reid Hoffman takes on Trump

Plus, Facebook is ready to spend on must-see sports, Roku files for an IPO, and drones help out, post-Harvey.

Greylock Partners investment partner Reid Hoffman speaks onstage during TechCrunch Disrupt SF 2016 at Pier 48 on September 13, 2016, in San Francisco, Calif.
Reid Hoffman
Steve Jennings / Getty Images

President Trump is expected to announce plans to end DACA today. Defying a chorus of corporate executives and critics in Congress, Trump wants to roll back the Obama-era protections that protect some 800,000 young undocumented “Dreamers” from being deported. Apple CEO Tim Cook called for a “solution rooted in American values,” noting that 250 of his “co-workers” would be affected by the change in policy. [Tony Romm / Recode]

LinkedIn co-founder and Greylock investor Reid Hoffman is using his billions and his powerful Silicon Valley network to take on Trump and help Democrats win state and federal races. Recode goes deep inside the tech mogul’s political playbook for funding candidates, causes and companies. [Tony Romm / Recode]

Facebook bid $500 million for a five-year deal to stream Indian cricket matches. It didn’t win the auction — Rupert Murdoch’s Star will pay $2.6 billion for broadcast and streaming rights. But its willingness to put up that kind of money means that Facebook will write real checks for must-see sports content. Hint: Verizon’s four-year $1 billion deal for NFL mobile rights expires at the end of this season. [Peter Kafka / Recode]

Roku filed for an IPO late last Friday, going public after 15 years of battling for your living room against giant competitors like Google, Apple and Amazon. But investors may see red when they notice that the most popular video services on Roku’s boxes — Netflix and YouTube — make next to no money for the streaming video-box company. [Peter Kafka / Recode]

Drones are proving their worth by helping Texans assess the Hurricane Harvey-related damage to homes, roads, bridges and other infrastructure. Just a year after the FAA began to hand out licenses for commercial drone operation, a fast-growing network of professional drone pilots is responding to the need for aerial imagery. Meanwhile, Hurricane Irma has strengthened to Category 4 and may make landfall in the U.S. by Saturday; Florida has declared an anticipatory state of emergency. [Aarian Marshall / Wired]

While the hype around digital currencies and ICOs — initial coin offerings — nears fever pitch in the U.S., Chinese authorities have banned ICOs altogether. China’s central bank criticized the cryptocurrency market for “disrupting” the country’s financial order. Bookmark this longform read about bitcoin’s four-decade history as an internet currency without a central authority. [James Vincent / The Verge]

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