Oct 1, 2018 - Technology

Facebook vet Mosseri to run Instagram

Adam Mosseri, center, flanked by Instagram founders Mike Krieger (l.) and Kevin Systrom. Photo: Instagram

Longtime Facebook executive Adam Mosseri has been tapped to lead Instagram in the wake of the abrupt departures of the photo app's two founders last week. Mosseri has been with the Facebook network for over 10 years, most recently serving as head of product at Instagram.

Why it matters: Reports that the founders of Instagram and WhatsApp clashed with Facebook management suggest that it can be difficult to integrate acquired companies into Facebook without friction.

At the same time, Mosseri's tenure at Facebook ensures leadership at the parent company that they will have "one of their own" at the helm of Instagram's business.

Mosseri brings a deep understanding of Facebook's larger vision to Instagram and has enough experience at both companies to be able to navigate their shared and differentiated interests.

Our thought bubble: Mosseri played a very public role at Facebook in the aftermath of the 2016 election, explaining the way Facebook's News Feed worked and how the company was tackling misinformation. He may be new to the chief executive role, but he has plenty of experience managing both corporate and product needs.

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Axios

Updated 39 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

Global: Total confirmed cases as of 12 p.m. ET: 10,920,457 — Total deaths: 522,385 — Total recoveries — 5,789,032 — Map.
U.S.: Total confirmed cases as of 12 p.m. ET: 2,753,754 — Total deaths: 128,871 — Total recoveries: 781,970 — Total tested: 33,462,181 — Map.
Public health: The states where face coverings are mandatory — Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
Business: Top business leaders urge the White House to develop mandatory mask guidelines.
Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
States: Florida reports more than 10,000 new coronavirus cases, and its most-infected county issues curfew.

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Rashaan Ayesh

2 hours ago - Sports

Washington Redskins to review team name amid public pressure

Photo: Patrick McDermott/Getty Images

The Washington Redskins have announced they will be conducting a review of the team's name after mounting pressure from the public and corporate sponsors.

Why it matters: This review is the first formal step the Redskins are taking since the debate surrounding the name first began. It comes after weeks of discussions between the team and the NFL, the team said.

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Dan Primack

3 hours ago - Economy & Business

Scoop: Instacart raises another $100 million

Illustration: Sarah Grillo/Axios Visuals

Grocery delivery company Instacart has raised $100 million in new funding, on top of the $225 million it announced last month, the company tells Axios. This brings its valuation to $13.8 billion.

Why it matters: This funding comes at what could be an inflection point for Instacart, as customers it acquired during coronavirus lockdowns decide whether they want to continue with the service or resume in-person grocery shopping.