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Facebook stock has fully recovered from Cambridge Analytica scandal

Dan Primack, author of Pro Rata

Facebook stock today closed up 1.53% to $183.53 per share, which is higher than before the March revelation that user data had been improperly obtained Cambridge Analytica.

Bottom line: Wall Street is no longer worried that the privacy scandal will either diminish Facebook usage or lead to costly U.S. regulations.

Expand chart
Data: Money.net; Chart: Axios Visuals

Go deeper

Hans Nichols, Fadel Allassan
Updated 39 mins ago - Politics & Policy

Inaugural address: Biden vows to be "a president for all Americans"

Moments after taking the oath of office, President Joe Biden sought to soothe a nation riven by political divisions and a global pandemic, while warning that "we have far to go" to heal the country and defeat a "virus that silently stalks the the country."

Why it matters: From the same steps that a pro-Trump mob launched an assault on Congress two weeks earlier, the new president paid deference to the endurance of American political institutions.

Go deeper (1 min. read)Arrow
Axios
Updated 57 mins ago - Politics & Policy

Inauguration Day dashboard

U.S. Capitol and stage are lit at sunrise ahead of the inauguration of Joe Biden. Photo: Patrick Semansky - Pool/Getty Images

President Biden has delivered his inaugural address at the Capitol, calling for an end to the politics as total war but warning that "we have far to go" to heal the country.

What's next: Biden and Vice President Harris review readiness of military troops, a long-standing tradition to signify the peaceful transfer of power.

Go deeper (1 min. read)Arrow
Orion Rummler
Updated 1 hour ago - Politics & Policy

In photos: The Biden and Harris inauguration

Joe Biden is sworn in as the 46th president of the United States. Photo: Alex Wong/Getty Images

Joe Biden and Kamala Harris were inaugurated as president and vice president respectively in a ceremony at the U.S. Capitol on Wednesday morning.

Why it matters: Top Democrats and Republicans gathered for the peaceful transfer of power only two weeks after an unprecedented siege on the building by Trump supporters to disrupt certification of Biden's victory. Trump did not attend Wednesday's ceremony.

Go deeper (<1 min. read)Arrow

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