Wednesday is April Fools' Day, but this year it's decidedly the wrong moment for online pranks — even though tech companies have reveled in them for several years now.

The big picture: The genre was getting a bit tired even before the pandemic — and many things that might be funny in ordinary times simply aren't funny right now.

What's happening: Perennial pranksters Google and T-Mobile promised to forgo the jokes this year and many, many people have expressed the fervent hope that others will follow suit.

  • Case in point: A Korean pop star deactivated his Instagram account Wednesday after panicking — and then angering — fans with a prank post claiming he’d contracted coronavirus.

The bottom line: It's probably best to treat online posts you encounter with extra skepticism. That said, it's good to do that every day. So maybe read Twitter every day as if it was April Fools' Day.

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Trump floats executive action even if stimulus deal is reached

Photo: Samuel Corum/Getty Images

The White House is finalizing a series of executive orders addressing key coronavirus stimulus priorities if negotiations with Congress fall apart, and it's leaving the door open for President Trump to use them even if a deal is reached that doesn't encompass all of his priorities, two administration officials tell Axios.

What we’re hearing: “I wouldn't be surprised that, if something gets left off the table, we’d be like ‘we can take this executive action too and be able to win on it anyway,’” one official said.

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TikTok responds to Trump executive order: "We are shocked"

Photo: Jakub Porzycki/NurPhoto via Getty Images

TikTok said Friday that it was "shocked" by President Trump's executive order that will ban Americans from dealing with ByteDance, its China-based owner, in 45 days.

Why it matters: TikTok argued that Trump's move "risks undermining global businesses' trust in the United States' commitment to the rule of law, which has served as a magnet for investment and spurred decades of American economic growth."

U.S. economy adds 1.8 million jobs in July

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. added 1.8 million jobs last month, while the unemployment rate fell to 10.2% from 11.1% in June, the Labor Department said on Friday.

Why it matters: The labor market continued to recover but the pace of job growth slowed significantly from June’s 4.8 million job gain, suggesting a stalled improvement as coronavirus cases surged and states pulled back on reopening plans.