Photo: Asa Mathat for Vox Media

Instagram head Adam Mosseri rejected the notion that Facebook should be split up, claiming that doing so would hurt the social networks' ability to fight election fraud and other big issues.

Why it matters: Some critics and regulators, including 2020 candidate Sen. Elizabeth Warren, have called for breaking up Big Tech companies.

Speaking at Code Conference, Mosseri noted that there are more people at Facebook working on integrity and safety at Facebook than all the people working on Instagram. "If you split us up you would cut that off," he said.

Facebook AR/VR hardware executive Andrew Bosworth insisted that Facebook can fix the issues facing it. "I do believe they are solvable problems even if they are hard problems," he said.

Asked about Facebook defending its size by arguing it is needed to fight a problem of its own creation, Bosworth said: "This isn't circular logic; this is an economy of scale."

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Updated 3 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 19,128,901 — Total deaths: 715,555— Total recoveries — 11,591,028Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 4,884,406 — Total deaths: 160,111 — Total recoveries: 1,598,624 — Total tests: 59,652,675Map.
  3. Politics: Trump floats executive action even if stimulus deal is reached.
  4. Business: U.S. economy adds 1.8 million jobs in July — Household debt and credit delinquencies dropped in Q2.
  5. Sports: The pandemic's impact on how sports are played.
  6. 1 🎮 thing: Video gaming growth soars.

Trump floats executive action even if stimulus deal is reached

Photo: Samuel Corum/Getty Images

The White House is finalizing a series of executive orders addressing key coronavirus stimulus priorities if negotiations with Congress fall apart, and it's leaving the door open for President Trump to use them even if a deal is reached that doesn't encompass all of his priorities, two administration officials tell Axios.

What we’re hearing: “I wouldn't be surprised that, if something gets left off the table, we’d be like ‘we can take this executive action too and be able to win on it anyway,’” one official said.

25 mins ago - Technology

TikTok responds to Trump executive order: "We are shocked"

Photo: Jakub Porzycki/NurPhoto via Getty Images

TikTok said Friday that it was "shocked" by President Trump's executive order that will ban Americans from dealing with ByteDance, its China-based owner, in 45 days.

Why it matters: TikTok argued that Trump's move "risks undermining global businesses' trust in the United States' commitment to the rule of law, which has served as a magnet for investment and spurred decades of American economic growth."