https://www.recode.net/2017/8/3/16088714/recode-daily-trump-cut-immigration-silicon-valley-hbo-tesla-instagram-snapchat-aliens-univision

Trump wants to cut immigration in half over the next decade. Silicon Valley thinks that’s a terrible idea. Propsed legislation would cut way back on the number of people allowed into the U.S. because they have family there, but would prioritize high-skill, high-pay jobs. [Tony Romm / Recode]

Instagram pointed out that people spend more time on its app than Snap, and Snap stock fell again. This is probably not a coincidence. [CNBC]