Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: Jaap Arriens/NurPhoto via Getty Images

A group of app companies has launched the App Coalition, a trade group that will begin its lobbying efforts with a push to make it easier for app developers to qualify for loans under coronavirus relief programs.

Why it matters: Many small and independent tech firms need access to fresh capital as the pandemic blows holes in the global economy. Existing tech trade groups like the Internet Association represent companies of all sizes, but tech giants' interests are increasingly at odds with those of their smaller counterparts on issues like competition.

Details: The charter members of the group are:

  • Booking.com, Priceline, Kayak, OpenTable and RentalCars.com, all subsidiaries of online travel conglomerate Booking Holdings;
  • Blix, maker of email app BlueMail;
  • Fritzy, an Amsterdam company that's about to launch an app to help travelers find restaurants, bars and clubs that are popular with locals; and
  • Perry Street Software, maker of LGBTQ dating apps Scruff and Jack’d.

The group is in talks with "at least two dozen" additional companies about joining and will hold a summit in June — either virtually or in person — to bring together current and prospective member companies, said Perry Street CEO and coalition board member Eric Silverberg.

  • "By now, most lawmakers understand that the internet is not a series of tubes, but I think the way they think of the world is still through the lens of browsers and desktops," Silverberg told Axios. "The app economy has unique considerations and concerns and needs. We felt it was necessary to create a space to discuss these issues."

What's next: The coalition's first priority will be lobbying lawmakers and the Trump administration on revising the Small Business Administration's "affiliation rules."

  • Under those rules, the employees of other companies in the portfolios of an outside investor — such as a private-equity or venture-capital firm — count toward a 500-employee cap on eligibility for small-business loans. That's blocking many venture-backed companies from accessing Paycheck Protection Program loans.
  • Longer term, App Coalition leaders say they plan to engage Washington on other issues relevant to app makers, including online privacy, data security, content moderation and taxes.

Go deeper

Trump issues order banning TikTok if not sold within 45 days

Illustration: Aïda Amer/Axios

Americans and U.S. companies will be banned from making transactions with ByteDance, the Chinese owner of TikTok, in 45 days, according to a new executive order President Trump issued Thursday evening.

The big picture: Last week Trump announced his intention to ban TikTok but said he'd leave a 45-day period for Microsoft or other U.S.-based suitors to try to close a deal to acquire the popular video-sharing app.

Aug 6, 2020 - Technology

Congress' next moves to rein in Big Tech

Illustration: Eniola Odetunde/Axios

After grilling the CEOs of Amazon, Facebook, Google and Apple last week, members of Congress are grappling with whether to accuse any of the firms of illegal anticompetitive behavior, to propose updating federal antitrust laws — or both.

The big picture: Congress is just one arm of government making the case against these companies. Google is expected to be the first of the firms to face possible antitrust litigation from the Justice Department before summer's end, but all four face a full-court press of investigations by DOJ, the Federal Trade Commission and state attorneys general.

Updated 1 hour ago - Technology

Twitter sues Texas AG Ken Paxton

Texas Attorney General Ken Paxton at February's Conservative Political Action Conference in Orlando, Florida. Photo: Joe Raedle/Getty Images

Twitter on Monday filed a lawsuit against Texas Attorney General Ken Paxton (R), saying that his office launched an investigation into the social media giant because it banned former President Trump from its platform.

Driving the news: Twitter is seeking to halt an investigation launched by Paxton into moderation practices by Big Tech firms including Twitter for what he called "the seemingly coordinated de-platforming of the President," days after they banned him following the Jan. 6 Capitol insurrection.