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Recode Daily: Has Snapchat peaked? And understanding Alex Jones’s platform bans.

Plus, Facebook wants your bank to hand over your financial data; Spotify CEO Daniel Ek’s playlist for global music domination; it’s okay to talk about Dwight Club.

Two men take a selfie Dan Istitene / Getty

Has Snapchat already stopped growing? When Snap reports its second-quarter results today after the market close, the consensus from analysts is that its audience will have grown by just one million daily active users. At least one analyst, RBC’s Mark Mahaney, thinks it won’t grow at all. That’s not what you want to hear if you’re a Snapchat investor, especially just six quarters into life as a public company. [Kurt Wagner / Recode]

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YouTube removed Infowars host Alex Jones’s page yesterday, which had 2.4 million followers, after earlier bans from Facebook, Spotify and Apple. For now, the Infowars app is still available in Apple’s U.S. iPhone App Store. And the site is still live — it would be nearly impossible to silence him on the open web. But the bans will hurt. In media, distribution is king. And Jones, whose Infowars spreads conspiracy theories and misinformation, is no longer welcome on many of the world’s largest video and spoken-audio distribution platforms. [Dan Frommer / Recode]

The New York City Council is preparing to approve a one-year cap on new licenses for ride-sharing firms — including Uber — as part of a series of regulations designed to decrease traffic and stop drivers’ compensation from declining. The regulations are set for a Wednesday vote; if approved, New York would be the first U.S. city to impose a bottom limit on drivers’ compensation. [Henry Goldman / Bloomberg]

Here’s Spotify’s playlist for global domination — an inside look at how central CEO Daniel Ek’s own character is to his plans to beat Apple, Amazon and Google at the streaming music game. Let’s start with Ek’s personal competition to lose body fat, his introverted, attention-deflecting style and Spotify’s unconventional April IPO. [Robert Safian / Fast Company]

Joanna Coles resigned from her position as chief content officer at Hearst Magazines following the appointment of Troy Young as the company’s new president. The selection of Young signaled the company’s intention to move more deeply into digital media, but it apparently alienated its other star executive. Here’s Kara Swisher’s Recode Decode interview with Coles from this past April. [Jaclyn Peiser / The New York Times]

Now that Apple has exceeded $1 trillion in market capitalization, is the company the future of capitalism? Without investing significantly in hard assets, Apple spins cash and returns it to shareholders at a stunning rate. It’s difficult not to admire. But the model that has been perfected at Apple is risky and imitated poorly by many American corporations. The next decade will reveal whether these imitations were a series of brilliant moves or large-scale financial engineering. [Mihir A. Desai / The New York Times]

This is cool

It’s okay to talk about Dwight Club.

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