Situational awareness: President Trump is threatening to exit the World Trade Organization... “If they don’t shape up, I would withdraw from the WTO,” Trump told Bloomberg today.
Illustration: Lazaro Gamio/Axios
Twitter and Facebook CEOs Jack Dorsey and Mark Zuckerberg, in their wildest dreams, would love the Donald Trump Jr. notion of "one of the two Silicon Valley conservatives" to start up a conservative social network, Axios' Felix Salmon writes.
The bottom line: You can't create a Fox News for social. Snap stock is flat because it's struggling to grow, with just 188 million daily active users. "Hannity," by contrast, the most-watched show on Fox News, attracts a mere 3 million viewers. For a conservative social network to succeed, it would need orders of magnitude more reach than Fox News. Which isn't going to happen.
The big picture: Here are the four main reasons a Facebook for conservatives (or liberals) is not going to happen.
As Axios's Dan Primack says: "It's one thing to change the channel from CNN to Fox, but quite another to leave the platform where friends/family post their baby pictures, plan events, etc. Some of us may live our real lives within partisan echo chambers, but most don't."
Three noteworthy quotes from former Vice President Joe Biden's emotional tribute to Sen. John McCain at his service in Phoenix:
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