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Zuckerberg's publisher purge hits Facebook stock price

Expand chart
Data: Money.net; Chart: Andrew Witherspoon / Axios

Facebook shares plunged 5% this morning after Mark Zuckerberg announced changes to his platform's newsfeed that will prioritize engagement over time spent.

Why this matters: Wall Street analysts have grown accustomed to measuring success of tech platforms by how much time users spend on them. Facebook's user base is becoming more and more saturated and now that it expects people to spend less time, it has made investors nervous.

But, but, but: If anyone can manage this challenge, it's Facebook, which defined the concept of a "monthly active user" as a metric for success early on — which has since been adopted by Wall Street and other platforms. 

Go deeper: The full story on Facebook choosing friends over publishers.

Go deeper

Rebecca Falconer
Updated 40 mins ago - Politics & Policy

Report: Pentagon watchdog finds Ronny Jackson drank on duty and harassed staff

Rep. Ronny Jackson walking through the Canon Tunnel to the U.S. Capitol in January. Photo: Stefani Reynolds/Getty Images

Rep. Ronny Jackson (R-Texas) allegedly made "sexual and denigrating" comments about a female staffer, drank alcohol and took sleeping medication while working as White House physician, according to an official report obtained by CNN Tuesday night.

Driving the news: The Department of Defense inspector general's report stems from a years-long investigation. Jackson has called the allegations "false and fabricated."

Go deeper (1 min. read)Arrow
Lachlan Markay
4 hours ago - Politics & Policy

DOJ pressed to enforce Al Jazeera foreign agent ruling

Illustration: Aïda Amer/Axios

The Justice Department is being pressed to enforce its own demand that the U.S. arm of Qatari broadcaster Al Jazeera register as a foreign agent.

Why it matters: The launch of Al Jazeera's new right-of-center U.S. media venture, Rightly, has refocused attention on the media company's alleged links to Doha, and DOJ's efforts to crack down on media outlets viewed as foreign interest mouthpieces.

Go deeper (2 min. read)Arrow
Stef W. Kight
5 hours ago - Politics & Policy

Poll: Immigration is America's most-polarizing issue

Data: The American Aspirations Index/Populace; Chart: Will Chase/Axios

Immigration was found to be the most polarizing issue in America based on new polling from Populace.

Why it matters: Americans have surprisingly similar priorities for the U.S., but immigration stands out as one of the few issues with clear partisan differences. It underscores the challenge for advocates and lawmakers hoping to pass immigration reform in the coming weeks amid narrow margins in Congress.

Go deeper (<1 min. read)Arrow