Cory Doctorow / Flickr CC

Palantir CEO Alex Karp told the FT's Gillian Tett that the tech industry is overplaying its hand with the Trump administration."The Valley is marching off a political cliff," Karp, who works closely with Trump ally Peter Thiel, told Tett. "The [tech companies] have all these monopolies and economic capital, and assume that it translates into political capital — but that isn't true." Here's why Tett thinks tech is vulnerable: Miles apart: Silicon Valley was largely "on the wrong side of" the election, and they were quick to challenge Trump's immigration policies. And few tech CEOs sit on Trump's advisory council, which Uber CEO Travis Kalanick quit. Jobs losses: "Until now Mr. Trump has blamed trade for American workers' woes. However, another big culprit is the type of digitisation being unleashed by Silicon Valley. Tech businesses could become convenient scapegoats, particularly since companies such as Amazon, Apple, Google and Facebook have enjoyed fat profits and near-monopoly power in certain sectors." Taxes: "As profits have boomed, tech groups have amassed $867 [billion] in offshore cash piles, partly to avoid paying high U.S. taxes. This irritates American politicians."

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Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9:30 p.m. ET: 33,867,247 — Total deaths: 1,012,341 — Total recoveries: 23,537,059Map.
  2. U.S.: Total confirmed cases as of 8 p.m. ET: 7,229,319 — Total deaths: 206,887 — Total recoveries: 2,840,688 — Total tests: 103,939,667Map.
  3. Education: School-aged children now make up 10% of all U.S COVID-19 cases.
  4. Health: The coronavirus' alarming impact on the body.
  5. Business: Real-time data show economy's rebound slowing but still going.
  6. Sports: Steelers-Titans NFL game delayed after coronavirus outbreak.
Ina Fried, author of Login
2 hours ago - Technology

Facebook removes Trump ads tying refugees to COVID-19

Photo Illustration: Aïda Amer/Axios. Photo: Saul Loeb/AFP via Getty Images

Facebook said Wednesday that it was removing a series of ads from President Trump's campaign that linked American acceptance of refugees with increased coronavirus risk, a connection Facebook says is without merit.

Why it matters: The ads were pulled after they received thousands of impressions and are a sign that the Trump campaign continues to test the limits of social media rules on false information.

Over 73 million people watched the first debate on TV

Data: Nielsen; Chart: Andrew Witherspoon/Axios

More than 73.1 million people watched the first presidential debate on television on Tuesday night, according to Nielsen ratings.

Why it matters: While that's a sizable audience for any American TV program, it's down more than 13% from the record number of TV viewers who tuned in for the first debate of the 2016 election. The chaotic nature of the debate and the overall uncertainty around this year's election may have pushed some viewers away.

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