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Photo: Spencer Platt/Getty Images

Google and Facebook, which together dominate the market for digital ads, will no longer allow bail bonds services, which advocates say prey on vulnerable people, to advertise on their platforms.

Why it matters: From Russian election meddling to discrimination, there's a larger reckoning going on about harms that can come from the sprawling online ad ecosystem. Both companies have banned ads for high-interest payday loans already, as well as ads for cryptocurrency.

The details:

  • Google said it would prohibit ads for bail bonds services as of July, with Global Product Policy Director David Graff citing research that shows "for-profit bail bond providers make most of their revenue from communities of color and low income neighborhoods when they are at their most vulnerable."
  • Facebook said later in the day that it would ban the ads but that details were still being worked out. "Advertising that is predatory doesn't have a place on Facebook," said Vice President of Global Policy Management Monika Bickert in a statement.

Behind the scenes: The Essie Justice Group, which advocates for the end of the money bail system, said it and other civil rights groups had been discussing the issue with Google since last year. "Google’s move to ban bail bonds ads is the most massive divestment any private sector entity has made from the bail industry," the group said in a message to supporters.

Go deeper: Google will work with Koch Industries, owned by conservative donors David and Charles Koch, on an event this week related to reforming the bail system.

Go deeper

19 mins ago - Health

Biden says it's "not the time to relax" after touring vaccination site

President Biden speaking after visiting a FEMA Covid-19 vaccination facility in Houston on Feb. 26. Photo: Mandel Ngan/AFP via Getty Images

President Biden said Friday that "it's not the time to relax" coronavirus mitigation efforts and warned that the number of cases and hospitalizations could rise again as new variants of the virus emerge.

Why it matters: Biden, who made the remarks after touring a vaccination site in Houston, echoed CDC director Rochelle Walensky, who said earlier on Friday that while the U.S. has seen a recent drop in cases and hospitalizations, "these declines follow the highest peak we have experienced in the pandemic."

Updated 40 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: Most COVID-19 survivors can weather risk of reinfection, study says — "Twindemic" averted as flu reports plummet amid coronavirus crisis
  2. Vaccine: FDA advisory panel endorses J&J COVID vaccine for emergency use — About 20% of U.S. adults have received first vaccine dose, White House says — New data reignites the debate over coronavirus vaccine strategy.
  3. Economy: What's really going on with the labor market.
  4. Local: All adult Minnesotans will likely be eligible for COVID-19 vaccine by summer — Another wealthy Florida community receives special access to COVID-19 vaccine.
  5. Sports: Poll weighs impact of athlete vaccination.

The week markets went wild

Illustration: Lazaro Gamio

The markets just closed out a manic week.

Why it matters: Outsized — and in some cases historic — moves were evident across the board.