And there’s more competition coming.
With the introduction of DirecTV Now — a $35-a-month streaming TV package of more than 100 channels (with some notable holes) — AT&T is finally giving cable some serious national competition. And there’s more on the way. — [Peter Kafka / Recode]
The troubles of blood-testing startup Theranos could mean big losses for some big-name investors, including News Corp’s Rupert Murdoch, who put in about $100 million and whose Wall Street Journal first exposed problems with Theranos’ technology. — [Christopher Weaver, John Carreyrou and Michael Siconolfi / Wall Street Journal]
CNN has acquired Beme, the video-sharing app launched by YouTube star Casey Neistat, for about $25 million. CNN will shutter the app and put the Beme team to work in a new unit targeting millennial viewers. — [Mike Isaac / New York Times]
The hackers who hit San Francisco’s Muni transit system with a ransomware attack over the weekend, are now threatening to release personal data on employees and customers — a bluff, says Muni. Still, the incident was a reminder that transit systems are easy, and dangerous, targets. — [Michael Cabanatuan and Marissa Lang / San Francisco Chronicle]
Zenefits, which makes HR software and acts as a health-benefits broker, has been fined $7 million by California insurance regulators for violating licensing laws, by far the largest of its settlements with several states. — [Heather Somerville / Reuters]
The speaker lineup for Wednesday’s Evening with Code Media in New York already guaranteed some interesting onstage conversations — and then Donald Trump won. Peter Kafka and Kara Swisher will talk about the changed environment with Turner’s John Martin, BuzzFeed’s Janine Gibson, and Politico co-founder Jim VandeHei, and there’s still room if you hurry. — [Peter Kafka / Recode]
Top Stories From Recode
Uber objects to drivers having the Juno app open, showing its competitor’s logo and rider discounts.
Drone footage of clashes with police at the campsite have gone viral.
The game has seen daily use wane significantly since its August peak.
The company also plans to add an outside director as part of its efforts to restore trust among investors.
“It’s a little like a spaceship has landed,” said Steve Jobs.
Republican consultant Juleanna Glover says old media will be “the most powerful in this next new world.”
They’ve got money. They don’t have publishing experience.
All roads lead to Seattle.
This Is Cool
Starring Adrien Brody.