Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. 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!

Denver news in your inbox

Catch up on 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!

Des Moines news in your inbox

Catch up on 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!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

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!

Penguin Random House

Tech writer Steven Levy's new book, "Facebook: The Inside Story," goes on sale on Tuesday. He told Axios his reporting for the 583-page tome, which he started working on in 2015, took a dramatic turn after the Cambridge Analytica scandal and revelations following the 2016 election.

Why it matters: Since Levy already had a seat inside the company when its broader problems arose, he was on the frontlines as Facebook scrambled to address an onslaught of challenges posed by policymakers in Washington and elsewhere.

What he's saying: "Just as Facebook didn’t think it was going to be spending as much energy on policy, neither did I," Levy said in a phone interview Monday.

Background: Levy said he originally thought his reporting would center largely on Facebook's controversial Internet.org effort in India. The project offered subsidized access to the mobile internet, but critics said it undermined principles of net neutrality.

Flashback: The book focuses in part on some of the very past actions that are now inviting scrutiny from antitrust enforcers. Those include Facebook efforts to respond to perceived competitive threats by, for instance, acquiring Instagram and WhatsApp.

Between the lines: In the book, Levy also delves into Facebook's efforts to crack into the smartphone business.

  • Facebook initially had a project to build a mobile OS to rival Google and Apple, but later scrapped that in favor of a customized version of Android that put Facebook's apps front and center. 
  • It worked with HTC on what was supposed to be the first of many "Facebook Home" phones, but that flopped so badly that no successors emerged.

The big picture: Levy isn't the only one with a Facebook book in the works. The New York Times' Cecilia Kang and Sheera Frenkel are focusing on the company's reaction to its many recent scandals, while Bloomberg's Sarah Frier has another book, "No Filter," that focuses on Facebook-owned Instagram.

What's next: Levy said there's plenty left to tell of the Facebook story. "We still don’t know the outcome of Libra or, more to the point, where Facebook's secure private groups initiative is going," he said. "I wasn’t going to hang around for 10 years to find out if VR is the future of platforms."

Go deeper: Facebook's plan to keep growing bigger

Go deeper

3 hours ago - Health

Food banks feel the strain without holiday volunteers

People wait in line at Food Bank Community Kitchen on Nov. 25 in New York City. Photo: Michael Loccisano/Getty Images for Food Bank For New York City

America's food banks are sounding the alarm during this unprecedented holiday season.

The big picture: Soup kitchens and charities, usually brimming with holiday volunteers, are getting far less help.

5 hours ago - Health

AstraZeneca CEO: "We need to do an additional study" on COVID vaccine

Photo: Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

AstraZeneca CEO Pascal Soriot said on Thursday the company is likely to start a new global trial to measure how effective its coronavirus vaccine is, Bloomberg reports.

Why it matters: Following Phase 3 trials, Oxford and AstraZeneca said their vaccine was 90% effective in people who got a half dose followed by a full dose, and 62% effective in people who got two full doses.

Updated 7 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Coronavirus cases rose 10% in the week before Thanksgiving.
  2. Politics: Supreme Court backs religious groups on New York coronavirus restrictions.
  3. World: Expert says COVID vaccine likely won't be available in Africa until Q2 of 2021 — Europeans extend lockdowns.
  4. Economy: The winners and losers of the COVID holiday season.
  5. Education: National standardized tests delayed until 2022.