Reversing course under extraordinary political and popular pressure, President Trump signed an executive order to end the separation of families at the border. But despite Trump’s turnaround, more than 2,300 children already taken from their parents will not immediately be reunited. [John Wagner, Nick Miroff and Mike DeBonis / The Washington Post]
Recode Daily: Under pressure, Trump changes his border policy
Plus, Instagram goes after Snapchat and YouTube with IGTV; Tesla sues a former employee for stealing gigabytes of data; Bose’s new Sleepbuds: A bedtime story.
Instagram debuted IGTV, a standalone app that will feature long-form vertical videos, in an attempt to rival Snapchat Discover and YouTube as a home for mobile video. Available on iOS and Android, IGTV will allow creators to upload videos up to an hour long directly to Instagram; there will be no ads to start, but there may be a revenue-sharing deal with partners. Instagram also announced that it has reached one billion daily users. [Casey Newton / The Verge]
What if the buyers don’t show up to the media merger frenzy? AT&T, Disney and Comcast are writing big checks or trying to write big checks for media assets. But there is a decent chance that they may be the only ones with a real appetite to buy TV and film companies, even though last week’s Time Warner ruling gives big tech and telcos the go-ahead to consolidate. [Peter Kafka / Recode]
Tesla is suing a former employee for allegedly hacking into the company’s system to steal several gigabytes of data and transferring it to “outside entities.” The company said that former process technician Martin Tripp admitted to writing software that hacked into the company’s manufacturing operating system to steal data that included “dozens of confidential photographs and a video of Tesla’s manufacturing systems.” [Robert Ferris / CNBC]
Chinese tech companies now surpass almost all their global rivals — even U.S. giants. And here’s a deep look inside Japan’s SoftBank and its $100 billion Vision Fund, which is shaking up the tech world with its whirlwind decision-making. [Michael Moritz / Financial Times ]
Want to understand what ails the modern internet? Look at eBay. The internet’s first megaplatform was more than just an auction site — it was the blueprint for everything that followed. [John Herrman / The New York Times]
Top stories from Recode
No more incentives to keep more items.
Twitter is the latest in a long line of tech companies issuing convertible bonds.
This is cool
Bose’s new Sleepbuds: A bedtime story. And Amazon’s ”Westworld” game for Alexa may keep you wide-eyed at night.
This article originally appeared on Recode.net.
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