Nov 30, 2017

25 million businesses now use Instagram

Marcio Jose Sanchez / AP

More than 25 million businesses are on Instagram, the company announced today, which is up from 15 million in July.

Why it matters: Instagram has set itself up to be a top e-commerce social platform, which is key in drawing advertisers away from other social competitors.

By the numbers: The platform currently boasts more than 2 million small business advertisers. Most of the 25 million businesses are small businesses, and roughly one-third of those say they built their brands using the platform. Over 200 million daily active users on Instagram view at least one business profile each day.

Sound smart: Snapchat insiders will tell you that this focus on a wide business community is part of what makes Instagram feel less personal.

Go deeper: Instagram's parent company, Facebook, is very focused on building relationships with small businesses to bring them into its community of advertisers and creators.

Go deeper

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 8 p.m. ET: 1,426,096 — Total deaths: 81,865 — Total recoveries: 300,054Map.
  2. U.S.: Total confirmed cases as of 8 p.m. ET: 396,223 — Total deaths: 12,722 — Total recoveries: 21,763Map.
  3. Federal government latest: Acting Navy secretary resigns over handling of virus-infected ship — Trump removes watchdog overseeing rollout of $2 trillion coronavirus bill.
  4. Business latest: America's food heroes in times of the coronavirus crisis. Even when the economy comes back to life, huge questions for airlines will remain.
  5. World latest: China reopens Wuhan after 10-week coronavirus lockdown.
  6. Wisconsin primary in photos: Thousands gathered to cast ballots in-person during the height of the coronavirus crisis in the U.S.
  7. 1 Olympics thing: About 6,500 athletes who qualified for the Tokyo Games will keep their spots in 2021.
  8. What should I do? Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  9. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Airline industry braces for a forever-changed world

Illustration: Sarah Grillo/Axios

The airline industry got a $58 billion lifeline in the coronavirus federal aid package. But the path is unclear for these companies, whose operations and prospects will be forever changed by the global pandemic.

Why it matters: People may want to minimize travel for the foreseeable future. Investors, analysts and industry watchers are trying to determine how much airlines will need to spend — and how much more in lost revenue they'll see — while they adapt to the new reality.

Trump denies seeing Navarro memos warning about toll of coronavirus

President Trump said at a press briefing Tuesday that he "didn't see" memos from his trade adviser Peter Navarro warning in January and February that the coronavirus crisis could kill more than half a million Americans and cost close to $6 trillion.

Why it matters: Trump insisted that despite not seeing the memos, he did "more or less" what Navarro suggested by banning non-U.S. citizens from traveling from China effective Feb. 2.