May 9, 2018

Match Group isn't worried about Facebook

Photo: Mat Hayward/Getty Images for Billboard

Match Group's chief executive said during a Wednesday earnings call that Facebook had pledged not to change its key relationships with the company as the social network becomes a competitor.

Why it matters: Facebook's announcement of a dating product caused Match Group's stock to drop over worries about the new entrant and Match's historic reliance on Facebook's services.

What they're saying: The earnings call was dominated by questions about whether Facebook could take advantage of its links to Match Group while competing with them.

  • Tinder allows users to log in through Facebook's authentication tool, although Match Group said this week that most new users are taking advantage of a process that lets people log in without Facebook. Match Group services also advertise on Facebook.
  • "We have been in conversations since the announcement at the executive levels and they've certainly indicated to us that they don't plan to change either the [authentication] or the advertising relationship," said Match Group CEO Mandy Ginsberg.
  • She said the social giant has “indicated that they are not going to use information about our users that they've received through the authentication relationship or the advertising relationship, and any targeting that they do would be based on the information that's available for everyone."

The questions come as Match Group announced that the first quarter of 2018 was its best since going public in 2015.

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America's rundown roads add to farmers' struggles

Illustration: Sarah Grillo/Axios

American farmers are struggling to safely use the roads that cut through their fields; decades of neglect and lack of funding have made the routes dangerous.

The big picture: President Trump has long promised to invest billions in rural infrastructure, and his latest proposal would allocate $1 trillion for such projects. Rural America, where many of Trump's supporters live, would see a large chunk of that money.

South Korea and Italy see spikes in coronavirus cases

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus continues to spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting those are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the U.S. South Korea's confirmed cases jumped from 204 on Friday to 433 on Saturday, while Italy's case count rose from 3 to 62 as of Saturday.

The big picture: COVID-19 has now killed at least 2,362 people and infected more than 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel, Lebanon and Iran.

Go deeperArrowUpdated 1 hour ago - Health

Centrist Democrats beseech 2020 candidates: "Stand up to Bernie" or Trump wins

Bernie Sanders rallies in Las Vegas, Nevada on Feb. 21. Photo: Mario Tama/Getty Images

Center-left think tank Third Way urgently called on the Democratic front-runners of the 2020 presidential election to challenge Sen. Bernie Sanders on the South Carolina debate stage on Feb. 25, in a memo provided to Axios' Mike Allen on Saturday.

What they're saying: "At the Las Vegas debate ... you declined to really challenge Senator Sanders. If you repeat this strategy at the South Carolina debate this week, you could hand the nomination to Sanders, likely dooming the Democratic Party — and the nation — to Trump and sweeping down-ballot Republican victories in November."