Five people were killed when a gunman opened fire in the newsroom of the Capital Gazette in Annapolis, Md., one of the oldest newspapers in the country. Two others were “gravely injured.” The episode prompted police departments in some cities to send increased security to their area media organizations. The suspect, arrested at the scene, had a long-running grudge with the newspaper, including lawsuits. Threats against journalists have been on the rise in recent years. [Sabrina Tavernise, Maya Salam and Daniel Victor / The New York Times]
[Want to get the Recode Daily in your inbox? Subscribe here.]
Twitter is replacing its product head again — again. Kayvon Beykpour, the former CEO of Twitter’s livestreaming service Periscope and its current GM of video, is taking over as Twitter’s top consumer product boss as part of an executive shuffle. Beykpour is the sixth executive to run Twitter product since early 2014. On Twitter, CEO Jack Dorsey explained the move to a functional organization was about “reorganizing how Twitter is going to work together for the next decade.” [Kurt Wagner / Recode]
Amazon acquired online pharmacy PillPack for about $1 billion in a deal that could disrupt the U.S. drugstore and health care businesses. The company, which packages and delivers drugs to consumers, is licensed in 50 states; it had been in acquisition talks with Walmart, which was outbid by Amazon. Walgreens shares sank 8.5 percent on the news, while CVS shares dropped by 8.9 percent. [Angelica LaVito and Lauren Hirsch / CNBC]
California Gov. Jerry Brown signed the California Consumer Privacy Act of 2017 into law. Once it goes into effect in 2020, the tough law may dramatically change how businesses handle data in the most populous state. Companies that store personal information — from major players like Google and Facebook, down to small businesses — will be required to disclose the types of data they collect, as well as allow consumers to opt out of having their data sold. Companies including Amazon, AT&T and Uber had lined up to block the ballot measure, pouring millions of dollars into an opposition organization. [Colin Lecher / The Verge]
Xiaomi, the smartphone and electronics company once referred to as the “Apple of China,” priced its IPO in Hong Kong at a roughly $54 billion valuation — about half its initial goal. [Crystal Tse / Bloomberg]
Instagram is arguably the most important social channel for brands and retailers right now. So we’ve invited the top exec for Instagram’s business product strategy, Vishal Shah, to join us onstage at Code Commerce in New York City this September. Shah is turning the service into a shopping platform, allowed emerging direct-to-consumer companies to explode overnight. He’ll join Shopify founder and CEO Tobi Lutke and other soon-to-be announced speakers; once again, companies will be hosting on-location visits for attendees at their leading stores, delivery hubs and headquarters. Last year’s Code Commerce event sold out, and we expect the same to happen this year. So register today, while you can still grab our first-mover price.
Top stories from Recode
On the latest episode of Too Embarrassed to Ask, Recode’s Kara Swisher, her son Louie Swisher and Recode Radio producer Eric Johnson talk about their immersive experience with Sandbox VR, a new virtual reality arcade installation south of San Francisco.
Amazon claims it doesn’t want to take on UPS and FedEx. So why is it introducing tons of its own Amazon delivery vans? Get ready for the Amazon vs. UPS storyline to intensify.
This is cool
This article originally appeared on Recode.net.