Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on the day's biggest business stories
Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Want a daily digest of the top Nashville news?
Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.
Want a daily digest of the top Columbus news?
Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.
Want a daily digest of the top Dallas news?
Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.
Sign up for Axios NW Arkansas
Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters
Frank Franklin II / AP
1. Yahoo's ghost will be called "Altaba"
Yahoo is already preparing for its next life as a holding company. Altaba is a combination of "alternative" and "Alibaba," the Chinese e-commerce company in which Yahoo has a 15% stake.
Why it matters: Yahoo was once an iconic Silicon Valley internet giant. Now it's little more than a funny name and a pile of stock in two Asian companies.
What's next: The Verizon sale still isn't a done deal. Yahoo recently admitted to two massive security breaches, and Verizon is already rumored to be asking for a discount. CEO Marissa Mayer will step down from the board once the sale is final.
2. Snapchat plants a flag in the U.K.
The messaging app's parent company has picked its London office as its international headquarters, an interesting move as the country is in the process of leaving the European Union. Snap Inc. says it picked London because of its strong advertising and media industry, according to Reuters.
Roughly one-third of Snapchat's 150 million daily active users are in Europe, and 10 million are in the U.K.
What's next: Snapchat's IPO is hotly anticipated by investors. It will be the first of a new generation of internet companies, and the first from a social media company since Twitter, whose future as a public company is now looking uncertain.