I'm headed to the airport, but what else is new? Hope to see some readers in Boston this week at MIT's Solve conference.
Illustration: Abby Chen/Axios
Every several years, the telecom industry spends a fortune to build a new generation of mobile network and, on top of that network, a host of internet services to make new fortunes.
My thought bubble: Now, let's not get too weepy for the cellular industry. AT&T and Verizon know how to make those investments pay off and have managed to build nice profitable businesses that take into account those big network expenses.
Why it matters: It's no longer enough to power the pipes and cell towers that send internet traffic coursing around the world. The services that ride on top of that traffic, like Google, Facebook and Amazon, now dominate the internet ecosystem.
The headwinds facing big telecom providers include:
Go deeper: Kim has more here.
The Sacramento lobbying push included (left to right) Tristan Harris, Elizabeth Galicia, Jim Steyer and Sandy Parakilas. Photo: Common Sense Media
With Congress seemingly unlikely to pass major privacy legislation any time soon, those seeking to rein in Big Tech are looking at other avenues. On Monday, several prominent advocates met with lawmakers in Sacramento.
Who was there: The group included Common Sense Media CEO Jim Steyer, along with Tristan Harris, Sandy Parakilas and Renée DiResta, three of the leaders in the "humane technology" movement.
Why Sacramento? Getting legislation passed in a major state like California often results in the changes being implemented nationwide, Steyer told Axios.
"California has become the de facto standard for the nation at a time of complete dysfunction in Washington, D.C.," Steyer said.
What they're seeking: California is already weighing several bills that would put limits on tech giants. Among them is a proposal to require Facebook, Twitter and others to label accounts operated by automated bots, rather than humans.
"We expect there will be even bigger stuff this year," Steyer said. "The world has changed and the public perception of the tech industry has changed. That makes it more likely do big stuff."
Meanwhile: In a San Francisco Chronicle op-ed, House Energy & Commerce Chairman Greg Walden sent a message to Silicon Valley CEOs: If you don't want Congress to regulate you, you'd better come talk to us.
Illustration: Sam Jayne/Axios
Uber said Tuesday it's changing its long-standing policy of mandatory arbitration to exempt employees, drivers, and riders in cases of sexual harassment and assault, Kia Kokalitcheva reports.
Why it matters: Mandatory arbitration clauses for employees and customers have been criticized (including by Uber whistleblower Susan Fowler) because companies can use them to keep victims silent and hide potentially illegal activities.
But, but, but: The exemption only applies to individual claims and not class actions lawsuits.
Separately, Lyft shared internal data Monday showing it had about a third of the U.S. ride-hailing market last year, up from 20% in 2016.
In an unexpected twist, CBS blew up a long-awaited deal to merge with its former sister company Viacom on Monday by filing a lawsuit against the longtime parent company of both networks, National Amusements.
Why it matters: Analysts say CBS is using a "nuclear option," a rare right included in its charter that lets the dual-stock company actually sue its parent, Sara Fischer reports.
The details: The lawsuit, if successful, would free CBS from over 20 years of majority control by National Amusements and its powerhouse executives Sumner Redstone and his daughter Shari Redstone.
Illustration: Rebecca Zisser/Axios
It's well known that startups founded by women struggle to raise venture capital, but even the rare exceptions struggle to keep pace with male peers.
By the numbers: Since 2008, less than half of all-female founding teams have secured follow-on capital for their startups, compared more than half of all-male founding teams, according to PitchBook.
Why it matters: Follow-on fundraising difficulties contribute to an unvirtuous cycle, dissuading some early-stage investors from backing female founders.
Check out the world's fastest shed.