Intel wins Trump's praise; Twitter disappoints Wall Street again

In an endorsement of President Trump's [business policies](, Intel CEO Brian Krzanich used a White House visit to announce a $7 billion investment in [an unfinished chip plant in Arizona](. The plant was started in 2011, then mothballed in 2014. Now, [for competitive reasons](, Intel needs the next-gen chips. [[Ian King / Bloomberg](] Twitter missed its Q4, by [underperorfming on revenue](, and told Wall Street it would have trouble with ad sales for a while. TWTR shares are down 9%. The upcoming Snap IPO is putting even more stress on Jack Dorsey and co. [[Kurt Wagner / Recode](] Speaking of the Snap IPO, a new filing shows the company has a deal to spend up to $1 billion on Amazon cloud services. It already disclosed a $2 billion Google cloud deal. [[Kurt Wagner / Recode](] Trump's order limiting new federal regulations is bad news for the future of drone delivery. The lack of regulations is stifling the industry's growth. [[April Glaser / Recode](] Pinterest rolled out some new discovery features, including the ability to click on items in photos to buy them and a way to search Pinterest for a product based on an uploaded image. [[Kurt Wagner / Recode](] Flipboard's redesign lets users pick highly specific topics to create customized "smart magazines" that automatically update with the latest news. [[Walt Mossberg / Recode](] On the latest episode of Recode Media with Peter Kafka, Atlantic editor and ["Hit Makers"]( author Derek Thompson says effective distribution is more important than high-quality content and "viral" hits actually depend on existing networks. [[Eric Johnson / Recode](] [Insert alt text here] [Breitbart gets to keep using Shopify to sell its merchandise]( “We don’t like Breitbart, but products are speech and we are pro free speech,” said CEO Tobias Lütke. [Consumer Watchdog asks California to take Uber’s self-driving trucks off the road]( The DMV said Otto informed the agency that it was not operating its trucks autonomously in California. [Full transcript: Business Insider CEO and Editor in Chief Henry Blodget on Recode Media]( “It’s been a very challenging year for the [media] industry,” to say the least. [‘Fun Home’ author Alison Bechdel thought a crazed fan was her Uber driver]( Bechdel chats with Recode’s Kara Swisher on this special bonus episode of Recode Decode. [Molly Graham is taking on a top ops role at the Chan Zuckerberg Initiative]( The $45 billion philanthropic organization is aiming widely, using Facebook stock. [Silicon Valley is awash in wealth. It should stop outsourcing its lower- and middle-income jobs.]( For all its focus on social justice and other progressive concerns, the tech industry displays a rather shocking lack of interest in economic inclusivity. [Full transcript: CNN senior media correspondent Brian Stelter on Too Embarrassed to Ask]( Fake news, alternative facts, gray areas — whatever you call it, media consumers need to be able to tell the legit from the not. [Will the Telecommunications Act get a much-needed update as it turns 21?]( Two decades is a long time in the world of technology, and telecom is vastly different today than it was then. [Facebook is expanding Safety Check so people can offer help during a disaster]( Facebook wants to connect those in need with people who have shelter or food to offer. [Insert alt text here] [The Science Guy is back]( Here's the trailer for "Bill Nye Saves the World," a sort of science-variety show debuting April 21 on Netflix. [Insert alt text here] [Twitter]( [Facebook]( [Instagram]( This email was sent to {EMAIL}. Manage your [email preferences](, or [unsubscribe]( to stop receiving emails from Recode Daily. Vox Media, 1201 Connecticut Ave. NW, Washington, DC 20036. Copyright © 2016. All rights reserved.