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Recode Daily: Intel’s chip problem is the Intel CEO’s problem; Iovine is leaving Apple

Plus, Zuckerberg’s squad goal: Fix Facebook; the battle for net neutrality has been rekindled; and it’s colder than Hoth out there.

A frozen soap bubble shows a crystalline surface
A frozen soap bubble in the snow during yesterday’s East Coast “bomb cyclone.”
Lorie Shaull / Flickr

Intel CEO Brian Krzanich sold off the majority of his stock after the company was informed of two massive cybersecurity flaws in its chips. Krzanich reportedly sold all but 250,000 shares of stock in November, several months after the company first became aware of the issues — a stock dump that is said to have netted him around $25 million. Apple confirmed that the Mac, iPhone and iPad are all affected by the massive chip vulnerability; meanwhile, Intel has begun issuing patches to combat the microchip flaws called Meltdown and Spectre. [Mike Murphy / Quartz]

Mark Zuckerberg says his personal challenge for this year is to fix Facebook. In previous years, the Facebook CEO has learned Mandarin, built a robot butler and, most recently, toured America to spend more time with normals. Zuckerberg will devote 2018 to improving some of the most important elements of Facebook that have gotten the company into hot water over the past 12 months, like its unintended role as a propaganda weapon for Russia during last U.S. presidential election. [Kurt Wagner / Recode]

Net neutrality advocates have launched a new war against Trump’s FCC. The fight now is to restore the rules that the Trump administration just eliminated, and it is coming to the courts, to Congress and even to the 2018 election. Early challengers include crafts marketplace Etsy, which said it will soon sue the FCC. Meanwhile, FCC chairman Ajit Pai canceled his scheduled appearance at next week’s CES after receiving death threats. You can read all 539 pages of the FCC’s final order repealing net neutrality here. [Tony Romm / Recode]

Recode’s commerce reporter Jason Del Rey foresees a big year ahead, predicting, among other things, another big acquisition by Amazon in 2018 — perhaps the $11 billion freight transportation and warehousing company XPO, which is also being looked at by Home Depot. Or maybe it will buy the online furniture retailer Wayfair, or the $83 billion retailer Costco. [Jason Del Rey / Recode]

The sale and use of recreational marijuana became legal in California on Monday; yesterday, U.S. Attorney General Jeff Sessions and the Justice Department sent a chill through the rapidly growing cannabis industry, rescinding an Obama-era order called the Cole Memo that allowed legal marijuana states to flourish, and freeing federal prosecutors to more aggressively enforce marijuana laws. Meanwhile, in Denver, the nascent weed market is generating so much cash that they don’t know where to put it.[Robb Mandelbaum / The New York Times]

Jimmy Iovine will leave Apple Music in August. The music producer turned entrepreneur joined Apple in 2014 after the company paid $3 billion for the Beats music service and electronics business Iovine co-founded with Dr. Dre. Iovine helped launch Apple Music, which now has 30 million subscribers, but he hasn’t had a major role within Apple for some time. [Peter Kafka / Recode]

Hollywood’s awards season kicks off on Sunday with the 75th annual Golden Globes. Some attendees will wear black on the red carpet to protest against sexual assault, abuse and harassment in their industry. Here’s how to watch the show online. [Marina Hyde / The Guardian]

Top stories from Recode

Tech can’t prevent the next “bomb cyclone,” but it can help businesses survive it.

Innovations like “digital twins,” predictive analytics and blockchain can help companies prepare for and react to severe weather events.

Should I rent a hotel room by the minute? (And for what?)

Recharge CEO Manny Bamfo explains on the latest episode of Too Embarrassed to Ask.

This is cool

It’s colder than Hoth out there.


This article originally appeared on Recode.net.

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