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Illustration: Axios Visuals

Snapchat had its best year in 2020, adding 31 million daily active users and increasing its stock price from roughly $16 in January to more than $52 today. It also avoided most of the drama and regulatory scrutiny that its competitors faced around things like content moderation, bias, and privacy.

The big picture: The pandemic accelerated underlying trends favorable to Snap.

  • The app, which is designed to connect users with their closest friends, saw boosts in engagement while many teens and college students were forced to stay home from school.
  • With stores closed and e-commerce surging, Snapchat's advertising efforts around augmented reality and e-commerce proved fruitful.
  • Quarterly revenue last quarter was up 52% year-over-year to $679 million.

Meanwhile, other tech rivals like Facebook and Google were slapped with several new regulatory investigations. Axios' tech policy team ranks the 5 new lawsuits: Facebook stands to lose the most, but Google is more likely to lose.

Go deeper

The fractured tech lobby's uphill battles

Illustration: Annelise Capossela/Axios

Silicon Valley's leading lobby, the Internet Association, is struggling to manage the competing interests of the companies it represents just as the industry faces a tide of bipartisan anger.

Why it matters: Tech will fight policy battles around antitrust, content moderation and privacy without a unified industry voice.

Updated 6 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Health: Most vulnerable Americans aren't getting enough vaccine information — Fauci says Trump administration's lack of facts on COVID "very likely" cost lives.
  2. Politics: Biden unveils "wartime" COVID strategyBiden's COVID-19 bubble.
  3. Vaccine: Florida requiring proof of residency to get vaccine — CDC extends interval between vaccine doses for exceptional cases.
  4. World: Hong Kong to put tens of thousands on lockdown as cases surge.
  5. Sports: 2021 Tokyo Olympics hang in the balance.
  6. 🎧 Podcast: Carbon Health's CEO on unsticking the vaccine bottleneck.

Trump impeachment trial to start week of Feb. 8, Schumer says

Senate Majority Leader Chuck Schumer. Photo: The Washington Post via Getty

The Senate will begin former President Trump's impeachment trial the week of Feb. 8, Majority Leader Chuck Schumer announced Friday on the Senate floor.

The state of play: Schumer announced the schedule after reaching an agreement with Republicans. The House will transmit the article of impeachment against the former president late Monday.