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Photo: Rob Groulx/Axios; Illustration: Axios Visuals

LinkedIn CEO Jeff Weiner, visiting Washington as part of Silicon Valley's new attentiveness to D.C., told Axios that tech companies still need to do more to deal with the unintended consequences of the power of their platforms.

His big picture: "And when you amass the kind of scale and influence that current technology companies are capable of, those audiences that they're capable of reaching, it carries enormous responsibility."

In addition to running the world’s largest professional network (546 million members), Weiner has been atop the tech rocket for a quarter-century, with stints at Yahoo and the iconic venture capital firm Greylock Partners.

  • "Increasingly, companies need to really think about the unintended consequences proactively," Weiner said.
  • "The companies may not have been founded with that as a first principle, but that is our reality. ... So, I think that's, first and foremost, something that we need to carry with us as an industry."

Why it matters: Weiner's comments echo those of other tech leaders that suggest new-age tech firms can no longer use the excuse of being well-intentioned but naive when faced with the unforeseen consequences of their products.

  • Netflix CEO and Facebook board member Reed Hastings, said a few weeks ago: "Social ... platforms — whether that’s YouTube or Facebook — are clearly trying to grow up quickly. And you see that with all new technologies."
  • Bill Gates, in an interview with me in February, warned that tech companies need to be "careful that they're not trying to think their view is more important than the government's view."
  • Apple CEO Tim Cook said last month: "Privacy ... is a human right, a civil liberty."

Despite being a data-based ad platform, LinkedIn is rarely mentioned as a part of the Big Tech reckoning that's gripping news headlines.

  • But LinkedIn has a consequential connection to people's careers and money-earning capability, with an emotional and practical tie to basically every rising professional.

Weiner said the reality he was sketching "isn't necessarily specific to our industry, but by virtue of the rate of the change, I think it's accentuated."

There are other industries facing unintended consequences:

  • Drug companies, which created opioids in the 1990s to help with pain, are reckoning with the most serious cause of death in the U.S.
  • The rise of online shopping has created enormous opportunities for consumers, but has also killed thousands of brick and mortar shops.

Go deeper: Video from our interview of Jeff Weiner.

  • See LinkedIn's Economic Graph, "a digital representation of the global economy" based on "all the data on LinkedIn."

P.S. You'll want to read ... Sara's popular Media Trends newsletter, out later this morning (sign up free here):

  • The twisted world of social media influencers: The account of popular progressive Instagram model @lilmiquela (1 million followers) was supposedly "hacked" last week by popular pro-Trump Instagram model @bermudaisbae (64,000 followers).
  • While details around the hack are hazy, a photo of the models together suggests that the event was coordinated.
  • The catch: Neither model is real, although one is verified by Instagram. They are both computer-generated imagery (CGI) models with massive followings and in some cases have racked up real advertising deals and music profiles.
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Go deeper

FAA clears more planes after 5G fears

Photo: David McNew/Getty Images

The Federal Aviation Administration said Thursday it had approved nearly 80% of the U.S. commercial fleet to perform low-visibility landings at airports with new 5G services after fears of signal interference limited 5G rollout.

Why it matters: The FAA approvals will help provide more certainty after the agency raised fears that 5G signals could reduce the accuracy of certain equipment, known as radio altimeters, that helps planes land and take off in inclement weather.

Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

Peloton stock tanks on report of production halt

Illustration: Aïda Amer/Axios

Peloton stock fell by as much as 25% on Thursday, following a CNBC report that the connected fitness company will temporarily halt production on its bikes and treadmills.

Why it matters: Peloton is viewed by many as a proxy for consumer behavior in the pandemic era, as its popularity surged when gyms closed and people wanted to exercise at home.

Updated 3 hours ago - Politics & Policy

Omicron dashboard

Illustration: Brendan Lynch/Axios

  1. Health: Omicron pushes COVID deaths toward 2,000 per day — The pandemic-proof health care giant.
  2. Vaccines: No evidence that healthy children, teens need boosters, WHO says — Starbucks drops worker vaccine or test requirement after SCOTUS ruling — Kids' COVID vaccination rates are particularly low in rural America.
  3. Politics: Biden concedes U.S. should have done more testing — Arizona says it "will not be intimidated" by Biden on anti-mask school policies.
  4. World: American Airlines flight to London forced to turn around over mask dispute — WHO: COVID health emergency could end this year — Greece imposes vaccine mandate for people 60 and older.
  5. Variant tracker