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Fortnite is still the darling of the video game industry, generating hundreds of millions of dollars in revenue per month. However, a month-old game called Apex Legends is growing far faster than even Fortnite did, at least as measured by signing up users.

Expand chart
Data: Roundhill Investments; Chart: Chris Canipe/Axios

Driving the news: The game's creators announced Monday that they have reached 50 million registered players in the first 28 days. (It took Fortnite more than 16 weeks to hit that level.)

  • Both titles are from the "battle royale" genre of video game. Per Wikipedia, that means they blend "the survival, exploration and scavenging elements of a survival game with last-man-standing gameplay."

Yes, but: Registered users is one measure, but long-term value comes by ensuring users remain active to generate revenue.

Go deeper

Dion Rabouin, author of Markets
38 mins ago - Economy & Business

How GameStop exposed the market

Illustration: Eniola Odetunde/Axios

Retail traders have found a cheat code for the stock market, and barring some major action from regulatory authorities or a massive turn in their favored companies, they're going to keep using it to score "tendies" and turn Wall Street on its head.

What's happening: The share prices of companies like GameStop are rocketing higher, based largely on the social media organizing of a 3-million strong group of Redditors who are eagerly piling into companies that big hedge funds are short selling, or betting will fall in price.

Caitlin Owens, author of Vitals
1 hour ago - Health

Who benefits from Biden's move to reopen ACA enrollment

Photo: Chip Somodevilla/Getty Images

Nearly 15 million Americans who are currently uninsured are eligible for coverage on the Affordable Care Act marketplaces, and more than half of them would qualify for subsidies, according to a new Kaiser Family Foundation brief.

Why it matters: President Biden is expected to announce today that he'll be reopening the marketplaces for a special enrollment period from Feb. 15 to May 15, but getting a significant number of people to sign up for coverage will likely require targeted outreach.

2 hours ago - Technology

Big Tech bolts politics

Illustration: Eniola Odetunde/Axios

Big Tech fed politics. Then it bled politics. Now it wants to be dead to politics. 

Why it matters: The social platforms that profited massively on politics and free speech suddenly want a way out — or at least a way to hide until the heat cools.