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Noah Berger / AP

Facebook announced that it will no longer use "Disputed Flags" — red flags next to fake news articles — to identify fake news for users. Instead it will use related articles to give people more context about a story.

Why it's happening: The tech giant is doing this in response to academic research it conducted that shows the flags don't work, and they often have the reverse effect of making people want to click even more. Related articles give people more context about what's fake or not, according to Facebook.

Why it matters: Facebook's Sheryl Sandberg says Facebook is a technology company that doesn't hire journalists. Without using editorial judgement to determine what's real and what's not, tackling fake news will forever be a technology experiment.

  • Facebook says putting Related Articles next to fake news leads to fewer shares than when the Disputed Flag is shown. "Putting a strong image, like a red flag, next to an article may actually entrench deeply held beliefs – the opposite effect to what we intended," Facebook writes in a blog post.
  • The company is starting a new initiative to better understand how people decide what's accurate based on the news sources they "Depend upon," or likely follow and engage with on Facebook. Facebook says the initiative won't directly impact the News Feed in the near term.

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Screenshots of an email inviting White House staff to receive the COVID-19 vaccine, obtained by Alayna Treene/Axios

A week into the job, President Biden's White House medical team has administered the coronavirus vaccine to several hundred staffers — and aims to vaccinate all in-person staff over the next few weeks, officials tell Axios.

Why it matters: The new administration is ramping up steps to protect President Biden and all staff working inside the White House complex. The administration is also requiring daily employee COVID tests and N95 masks at all times.

Dan Primack, author of Pro Rata
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Why it matters: This is the culmination of 18 months of head-in-the-sand obfuscation of Black's dealings with Jeffrey Epstein.

Reddit traders look to pummel Wall Street's old guard

Illustration: Sarah Grillo/Axios

Reddit traders are taking on Wall Street pros at their own game with this basic mantra: Stocks will always go up.

Why it matters: Their trades — egged on in Reddit threads — have played a role in historic market activity in recent days.