Facebook is rolling out a new function Tuesday which will allow people who work at news organizations to voluntarily register as a journalist on Facebook in order to receive access to benefits, tools and get stronger security features.
Why it matters: Journalists have become a primary target of foreign influence operations, who often use social media cyber attacks to hack accounts, harass journalists or steal their identities.
The New York Times made headlines Monday when it said it would stop circulating articles on Apple News, because it "does not align with our strategy to fund quality journalism by building direct relationships with paying readers."
Why it matters: The move is forcing industry insiders to consider whether the Times/Apple split will serve as a catalyst for other publishers, especially those reliant on subscription revenue, to break with platforms that don't directly help them recruit paying subscribers or offer enough ad revenue.
Beginning today, Facebook will be updating the way news stories are ranked in its News Feed to prioritize original reporting, executives tell Axios. It will also demote stories that aren't transparent about who has written them.
Why it matters: The tech giant has long been criticized for not doing enough to elevate quality news over hyper-partisan noise. Now, it's trying to get ahead of that narrative as the 2020 election inches closer.
Netflix has pledged to allocate about 2% of the $5 billion it holds in cash — some $100 million — to "financial institutions and organizations that directly support Black communities in the United States," the company announced today.
Why it matters: U.S. corporations are sitting on trillions of dollars of cash, which is earning them effectively no interest. Aaron Mitchell, a recruiter at Netflix, had the idea that some of that cash could be deposited at Black-owned banks, where it would be reinvested into Black communities.
Broadway's 41 theaters will remain closed through Jan. 3, 2021, as the industry tries to hammer out its next steps amid the coronavirus pandemic, trade group the Broadway League announced Monday.
Why it matters, per Axios' Sara Fischer: It's the biggest economic crisis to hit Broadway in decades. Even during past recessions, Broadway has rallied. But with theaters physically shut, the theater community must rally around digital alternatives to survive.
Starbucks announced Sunday it will pause all advertisements on social media platforms in a "stand against hate speech," CNBC reports.
Why it matters: Starbucks is following in the footsteps of other companies, such as Unilever and Coca-Cola, who have pulled paid advertisements from platforms like Facebook because of content moderation policies and the spread of hate speech.
I covered the frenzied impeachment of President Trump. Now, the eerie emptiness makes the Hill almost unrecognizable.
The state of play: Big yellow stickers — "Thanks for practicing social distancing" — tell us where to stand in the Senate subway.
Two of the summer's most highly anticipated films, Disney's live action remake of ""Mulan" and Warner Bros.' "Tenet," have both delayed their theater debuts due to rising coronavirus cases around the U.S.
Why it matters: It's a big blow to the movie theater industry, which has been waiting for Hollywood's biggest releases to hit theaters to attract audiences.
Coca-Cola, Unilever and Hershey said Friday that they're cutting back on social-media-advertising, adding seismic voices to a growing boycott of Facebook.
Why it matters: This is a vivid example of a trend spotted last year by Axios CEO Jim VandeHei, and amplified by the new American realities brought on by the virus and protests: CEOs are the new politicians. They're helping do what President Trump and Congress would not.
Prince Harry and Meghan Markle have been privately advocating for the #stophateforprofit campaign, which includes a boycott of Facebook, according to multiple sources working closely with the couple.
Why it matters: The boycott against Facebook has grown from an industry scuttle to a cultural battle over the way the tech giant moderates content, particularly around hate speech.