Recode Daily: Amazon’s Whole Foods deal upsets the grocery cart for rivals
Plus, tech leaders trek to the White House to help modernize the government, and how Pinterest’s profit-seeking president keeps his cool.
Amazon’s nearly $ 14 billion deal for Whole Foods will have huge ramifications for the biggest players in the grocery business. The acquisition wiped nearly $ 22 billion in market value from rival supermarkets, and casts a cloud over Instacart. Texas Monthly profiles Whole Foods’ eccentric founder, John Mackey, who changed the way Americans consume food. Bloomberg looks back at how Amazon carefully laid the groundwork to take over an iconic grocery chain — and predicts it will push to lower prices and cut jobs.
Leaders from Apple, Google, Microsoft and 10 other top tech companies will meet with President Trump today, as his administration tries to harness Silicon Valley’s expertise in upgrading the dated inner workings of the U.S. government. [Tony Romm / Recode]
Pinterest president Tim Kendall helped the company grow its revenue from less than $ 25 million in 2014 to an expected $ 500 million-plus in 2017; the 40-year-old exec starts his day with a health-hacking ice bath. [Kurt Wagner]
Google detailed how YouTube has been working to identify and remove content that promotes violent extremism and terrorist propaganda. Fast Company talked with YouTube CEO Susan Wojcicki about her plan to outmaneuver traditional TV and secure Google’s future. [Andrew Liptak / The Verge]
Two types of companies are equipped to change fast, says Oracle co-CEO Mark Hurd: Innovative startups, and companies in trouble. On the latest episode of Recode Decode, hosted by Kara Swisher, Hurd talked about his efforts to push big changes through at Oracle, even though the 40-year-old enterprise company didn’t fit into either bucket. [Eric Johnson / Recode]
Top stories from Recode
Thanks to cheaper smartphones and better networks.
A new paper lays out the plan, and the SpaceX CEO has tweeted that revisions are coming.
A few more notable departures from Twitter.
The EU will stick Google with a 1 billion euro fine over how it prioritizes Google Shopping.
Snap wants to show advertisers in Cannes that it’s unique.
This is cool
Phileas Flash, “the Michelangelo of balloon art,” gives new meaning to “pop culture” with his 3-D portraits of supersized superheroes, breathing life into Groot and Wonder Woman. BoingBoing.net also surfaced the astonishingly detailed work of balloon artist Masayoshi Matsumoto, who inflates and creates critters from skunks to squids. [Phileas Flash / BoredPanda]