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Instagram announced a new #hereforyou initiative to help users report instances where other users may need mental health support. The company will also display mental health resources when users search for hashtags related to sensitive topics. Resources will also be made available to users at instagram-together.com.

Why it matters: A growing number of suicides and violent acts on Instagram's parent company Facebook have forced the company to create likeminded initiatives in response to bad PR. This is Facebook's way of getting ahead of the problem on Instagram.

Go deeper

Ina Fried, author of Login
24 mins ago - Technology
Column / Signal Boost

Microsoft's metaverse maneuvering

Illustration: Annelise Capossela/Axios

Microsoft is pitching investors and regulators that its $68 billion Activision Blizzard deal is all about the metaverse, that nebulous buzzword taking the tech world by storm.

What they're saying: By my colleague Stephen Totilo's count, Nadella used the word "metaverse" at least five times in his conference call discussing the deal. Activision Blizzard CEO Bobby Kotick mentioned the metaverse four times, while Microsoft gaming chief Phil Spencer used the term twice.

Women in same-gender partnerships face a double pay gap

Expand chart
Data: The Hamilton Project; Chart: Kavya Beheraj/Axios

A married female couple will bring home lower wages, on average, than an opposite-gender married couple or a same-gender male couple.

Why it matters: Women in same-gender partnerships can experience (at least) two kinds of discrimination, based on their gender and on their sexual orientation.

The high cost of bringing down inflation

Illustration: Aïda Amer/Axios

Suppose the Federal Reserve had perfect foresight last year, and set out to keep inflation at its 2% target anyway — despite supply disruptions and labor shortages. What would that have looked like?

The answer: A catastrophe for growth, according to new research from the BlackRock Investment Institute. The Fed would have had to crater demand in the economy so much, that it would have pushed the unemployment rate to nearly 10%, the researchers estimate.