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Getty Images

Facebook is looking to open up its "Watch" video platform to more individual creators, influencers and brands, CNBC reports. 
Why it matters: It's a step towards making its video platform look more like YouTube than television, with less episodic, vetted content and more authentic, accessible content at scale. 

  • One obvious benefit of opening up Watch to more creators is expanding Facebook's video ad inventory. 
  • The news comes as other advertising-dominated platforms, like Amazon, are pushing to win more video ad revenue, since the market has such high growth trajectory. 
  • Digital video ad revenue is expected to increase by roughly 35% by 2020. TV ad revenue is expected to increase by roughly 5%.

Our thought bubble: Less professionally-curated content could make make it harder to compete for TV ad dollars, but much easier to compete for digital video ad dollars with YouTube. Digital video ad revenue is still pretty small compared to TV ad revenue in the U.S., but it continues to grow quickly as TV ad revenue plateaus. 

Facebook did not immediately respond to a request for comment.

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Senate Democrats target billionaires

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After failing to get a deal on other planned tax increases, key Senate Democrats are pivoting to a billionaires' income tax to pay for President Biden's social spending.

The big picture: No advanced economy has attempted anything similar on such a scale.

Anti-abortion activists' Supreme Court dreams are coming true

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This is the moment the conservative legal movement has been building toward for decades: The solidly conservative Supreme Court is about to hear two major abortion cases within a month of each other.

Why it matters: All of this is likely to end with significant new restrictions on abortion and a clear path for Republican-led states to win the next big abortion cases, too — the culmination of a long and bitter fight for control of the judiciary.