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Lawrence O'Donnell at a New York City event in 2018. Photo: Astrid Stawiarz/Getty Images for Hospital for Special Surgery

MSNBC host Lawrence O'Donnell apologized on his "Last Word" show Wednesday night as he retracted an unverified report that directly tied President Trump's finances to Russia, which aired the previous night.

A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.

The big picture: After Deutsche Bank said in response to a court order Tuesday that it has tax returns House Democrats are seeking in subpoenas for financial details on Trump and his family, O'Donnell claimed on his show that a single source told him the bank's documents showed Russian oligarchs had co-signed a loan application for Trump.

  • Trump's lawyers wrote to NBC Wednesday to demand a retraction, correction and apology for him what they called a "false and defamatory" statement, per Washington Post journalist Paul Farhi.
  • The president's son Eric Trump said in response to O'Donnell's statement on the story on Twitter that the Trump Organization would take legal action.
A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.

Go deeper

4 mins ago - Technology

TikTok hits 1 billion users

Data: Axios research; Chart: Will Chase/Axios

TikTok on Monday said that it has amassed more than 1 billion monthly active users in its short lifetime, joining an exclusive club of apps that have already reached that size.

Why it matters: TikTok has continued to grow despite enormous pressure from regulators around the globe and increased competition from copycat products built by its competitors.

5 mins ago - Technology

Facebook: Metaverse won't "move fast and break things"

Illustration: Aïda Amer/Axios

Facebook on Monday said it will invest $50 million over two years in global research and program partners to ensure its metaverse products "are developed responsibly."

Why it matters: "It's almost the opposite of that now long-abandoned slogan of 'move fast and break things,'" Facebook's VP of global affairs Nick Clegg told Axios in an interview at The Atlantic Festival Monday.

Ina Fried, author of Login
14 mins ago - Technology

Facebook presses "pause" on Instagram Kids

Illustration: Annelise Capossela/Axios

Facebook's announcement Monday that it was "pausing development" on Instagram Kids did little to slow a wave of criticism of the project ahead of a Senate hearing Thursday.

Yes, but: There's an argument to be made for building kids' version of popular apps, even if their adult versions are causing real-world harms.