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Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

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Reddit CEO Steve Huffman speaks with CNBC's Julia Boorstin at the Internet Association's event in San Francisco. Photo: Ina Fried / Axios

Reddit CEO Steve Huffman said the media site is planning to go public. While the timing uncertain, an IPO is the responsible course of action for a tech company to pursue, Huffman said while speaking at an Internet Association event in San Francisco.

More from Huffman:

  • Competition: When asked if Reddit's biggest competition is Facebook, Google or traditional media, Huffman said his rivals are free time and office productivity. "We probably suck more hours out of work than any other company."
  • Advertising business is doing well, with revenue increasing five-fold in last couple of years, Huffman said.
  • On political advertising: Reddit doesn't allow ads from Russia or Syria. Huffman said he's in favor of more transparency, but "the devil is in the details."
  • On hate speech: He's considered implementing a hate speech policy, but prefers to let ugly speech be "drowned out" by other speech. "It's important to let these things play out," he said. "When you outlaw it, it turns people into martyrs."

Go deeper

Ford's big plans to turbocharge the electric car industry in the U.S.

Illustration: Annelise Capossela/Axios

Ford Motor Company’s new $11 billion manufacturing plan, the biggest component of which will sit just outside Memphis, is part of a much bigger effort to put the U.S. at the center of the electric vehicle revolution, Executive Chairman Bill Ford says.

The big picture: Ford’s plans — for enormous facilities in both Tennessee and Kentucky, employing a combined 11,000 workers — are ambitious manufacturing efforts designed to minimize their environmental impact.

Court backlogs force prosecutors to dismiss some cases

Illustration: Megan Robinson/Axios

The pandemic slowed the criminal justice system to a crawl in much of the U.S., and now an increase in violent crime is straining the system even further.

Why it matters: COVID-19 has caused backlogs in criminal cases across the U.S. to swell, forcing district attorneys to focus on the most violent offenses — and decline, delay or deal down a slew of other cases.

Axios-Ipsos poll: Biden trust takes a blow as COVID lingers

Data: Axios/Ipsos polls; Chart: Jared Whalen/Axios

For the first time in his presidency, Joe Biden faces a trust deficit among Americans when it comes to COVID-19, according to the latest installment of the Axios/Ipsos Coronavirus Index.

Why it matters: The latest findings point to malaise more than fear. But malaise could spell real trouble for a Democratic president who built his support on a pledge to steer the nation out of crisis — and whose party's bare House and Senate majorities are on the line in 2022.

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