Mar 19, 2018

Facebook loses over $36 billion in market value

Dan Primack, author of Pro Rata

Photo by Ted Soqui/Corbis via Getty Images

Facebook stock fell 6.77% on Monday, following weekend revelations that 50 million users had their data improperly accessed by a Trump-linked analytics firm. For a brief period around noon, the loss had exceeded 8%.

Bottom line: The loss cut into Facebook's market cap by more than $36 billion.

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Data: Money.net; Chart: Axios Visuals

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The technology of witnessing brutality

Charging Alabama state troopers pass by fallen demonstrators in Selma on March 7, 1965. Photo: Bettmann/Getty Images

The ways Americans capture and share records of racist violence and police misconduct keep changing, but the pain of the underlying injustices they chronicle remains a stubborn constant.

Driving the news: After George Floyd's death at the hands of Minneapolis police sparked wide protests, Minnesota Gov. Tim Walz said, “Thank God a young person had a camera to video it."

13 mins ago - Health

Lessons from the lockdown — and what comes next

Illustration: Eniola Odetunde/Axios

We are nowhere near finished with the coronavirus, but the next phases of our response will — if we do it right — be more targeted and risk-based than the sweeping national lockdown we’re now emerging from.

Why it matters: Our experience battling this new virus has taught us a lot about what does and doesn’t work. We’ll have to apply those lessons rigorously, and keep adapting, if we have any hope of containing the virus and limiting the number of deaths from here on out.

Updated 31 mins ago - Politics & Policy

George Floyd protests: Unrest continues for 6th night across U.S.

A protest near the White House on Sunday night. Photo: Alex Wong/Getty Images

Most external lights at the White House were turned off late Sunday as the D.C. National Guard was deployed and authorities fired tear gas at hundreds of protesters nearby, per the New York Times.

What's happening: It's one of several tense, late-night standoffs between law enforcement and demonstrators in the United States over the death of George Floyd and other police-related killings of black people.