Jun 27, 2017

Facebook now has 2 billion users

Noah Berger / AP

Social networking behemoth Facebook said it has reached a new milestone: 2 billion monthly active users.

Notable: Just last year, there were no Internet services or platforms with this many users, as VentureBeat's Emil Protalinski points out.

To put the number in context, 2 billion is:

Why it matters: Facebook users are very engaged, particularly on mobile, giving the platform major dominance (along with Google) in online advertising. But as companies grow in size and power, targets are often painted on their backs. In Europe, regulators are increasing scrutiny, and today hit Google with a record fine for what they see as anticompetitive behavior.

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Serological coronavirus testing could be key to economic reopening

Illustration: Sarah Grillo/Axios

America's economy won't reopen anytime soon, despite frantic CEO whispers, but a glimmer of hope may be emerging in the form of serological testing.

Why it matters: Serologic tests aren't to determine whether or not you're infected with coronavirus. They are to determine if you have potential immunity that could allow you to safely return to work.

Government tech struggles to dole out coronavirus stimulus cash

Illustration: Eniola Odetunde/Axios

Tech challenges are hampering federal and state government efforts to get funds from the $2 trillion coronavirus relief law into the hands of newly unemployed workers and struggling small businesses who need it.

Why it matters: Many businesses and individuals need the money now for essentials, including meeting payroll and paying rent.

U.S. coronavirus updates: Death toll passes 9,600

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

Recorded deaths from the novel coronavirus surpassed 9,600 in the U.S. on Monday, per Johns Hopkins data. More than 1,000 people in the U.S. have died of coronavirus-related conditions each day since April 1.

Why it matters: U.S. Surgeon General Jerome Adams said on Sunday the coming week will be "the hardest and saddest week of most Americans' lives" — calling it our "our Pearl Harbor, our 9/11 moment."

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