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Facebook CEO Mark Zuckerberg. Photo: Drew Angerer/Getty Images

Less than a year ago, Recode's Kurt Wagner could write a story saying that "no one in Facebook’s upper ranks ever seems to leave the company." That's not true anymore.

Driving the news: Facebook's #3 executive, Chris Cox, left this week, along with Chris Daniels, who ran WhatsApp. Daniels himself was running the messaging subsidiary only because both of the app's co-founders had already departed — as have Instagram's co-founders.

Also this week:

  • Facebook suffered a six-hour-long outage on Wednesday, which is a very bad look for an institution that aspires to be "the critical infrastructure for modern-day democracy."
  • Facebook is also facing new criminal charges over whether other companies, including Apple, Amazon and Microsoft, were given access to users' confidential social graphs.
  • The white supremacist Australian terrorist who killed 50 people in New Zealand livestreamed his massacre on Facebook.

Why it matters: Mark Zuckerberg has total control of Facebook and its board, and he isn't afraid to wield that control at will. Billions of users can do little more than wait to see what Zuck decides he wants to do to them next.

Go deeper: Facebook, at crossroads, loses veteran execs

Go deeper

Updated 1 hour ago - Health

COVID cases and deaths keep falling

Expand chart
Data: N.Y. Times; Cartogram: Kavya Beheraj/Axios

America’s coronavirus outbreak is rapidly improving as the Delta wave recedes, and vaccines for kids — which could become available within weeks — will help the situation improve even further.

By the numbers: Nationwide, the U.S. is now averaging about 79,000 new cases per day — a 22% drop over the past two weeks.

Felix Salmon, author of Capital
Updated 1 hour ago - Economy & Business

How the pandemic caused a corporate rebound

Illustration: Sarah Grillo/Axios

WeWork becomes a public company today worth more than $9 billion — a vindication of the expensive turnaround strategy employed after it spectacularly imploded in 2019. Like many companies that find themselves at death's door, that which didn't kill them made them stronger.

Why it matters: Hertz, Alamo Drafthouse, Airbnb, and Toast are among the currently-thriving companies that were shaken to the core in the early days of the pandemic — providing further evidence for the theory that, in the words of former Fast Company editor Bill Taylor, "companies can't be great unless they've almost failed."

Roku tells customers it is unable to strike a deal with YouTube

Photo: Igor Golovniov/SOPA Images/LightRocket via Getty Images

Roku on Thursday told customers via a post on its corporate blog that it has still not been able to strike a distribution agreement with YouTube TV, which has been removed from Roku's channel store for five months.

Why it matters: It's the first time Roku has directly acknowledged the issue to its customers. Roku says YouTube TV parent Google has made anti-competitive demands in distribution negotiations, which still haven't been resolved.