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Expand chart
Data: Facebook, Twitter, Snap; Chart: Axios Visuals

Ahead of earnings this week, it's worth noting (again) that Facebook, Twitter and Snapchat are doing more to expand their user bases and ad services abroad.

Why it matters: Facing saturation in the U.S. and North America, social media companies are looking to foreign markets as a way to increase ad revenue.

Yes, but: Their reach can only extend as far as mobile and wireless markets allow them to. Which is why in some cases, tech giants are pushing to increase connectivity and app functions abroad to expand their reach.

  • Facebook, for example, is helping telecom providers build networks at lower cost, Axios' Ina Fried reports.
  • Google and its parent company Alphabet have also invested in connectivity in the U.S. abroad.
  • Snapchat has been focusing efforts this year on improving its app on Android, which is used more commonly outside of the U.S.

Go deeper

4 mins ago - World

Abbas announces first Palestinian elections in 15 years

Abbas is 85 and in the 15th year of a 4-year term. Abbas Momani/AFP via Getty

Palestinian President Mahmoud Abbas published a decree on Friday announcing the dates for parliamentary and presidential elections in the Palestinian Authority.

Why it matters: This is the first time in 15 years that such a decree has been published. The last presidential elections took place in 2005, with Abbas winning, and the last parliamentary elections took place in 2006, with Hamas winning.

Updated 11 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Coronavirus deaths reach 4,000 per day as hospitals remain in crisis mode — America has tuned out the coronavirus at the peak of its destruction — 1 in 3 people in L.A. County believed to have been infected with coronavirus.
  2. Politics: Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan— Widow of GOP congressman-elect who died of COVID-19 will run to fill his seat — Joe Biden will seek nearly $2 trillion in COVID relief spending.
  3. Vaccine: Battling Black mistrust of the vaccines"Pharmacy deserts" could become vaccine deserts — Instacart to give $25 to shoppers who get vaccine.
  4. Economy: Unemployment filings explode againFed chair: No interest rate hike coming any time soon —  Inflation rose more than expected in December.
  5. World: WHO team arrives in China to investigate pandemic origins.
Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

Trump blocks banks from limiting loans to gun and oil companies

Illustration: Sarah Grillo/Axios

Big banks are no longer allowed to reject business loan applicants because of the industry in which they operate, according to a new rule finalized on Thursday by the Trump administration.

Why it matters: Wall Street has curtailed its exposure to industries like guns, oil and private prisons, driven by both public and shareholder pressures. This new rule could reverse that trend.