Screen-grab from CNBC Mad Money in March: https://youtu.be/sUxxbKsvrdQ

SoFi said today in a press release that Executive Chairman Tom Hutton would be assuming responsibilities of Interim CEO, after the Board accepted co-founder Mike Cagney's resignation effective immediately.

Why it matters: Cagney was expected to finish out the year as CEO, but plans have changed in the past few days. A source familiar with the situation told Axios the board determined it was "just not tenable" for Cagney to remain in the position. All of this comes due to allegations of misconduct by Cagney, including a case of sending lewd texts to a SoFi employee.

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Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Obama: Trump is "jealous of COVID's media coverage."
  2. Health: Mask mandates help control the rise in coronavirus hospitalizations. Hospitals face a crush.
  3. Business: Coronavirus testing is a windfall. Winter threat spurs new surge of startup activity.
  4. Media: Pandemic causes TV providers to lose the most subscribers ever.
  5. World: Putin mandates face masks.

The GOP's monstrous math problem

Illustration: Sarah Grillo/Axios

Republicans, win or lose next week, face a big — and growing — math problem.

The state of play: They're relying almost exclusively on a shrinking demographic (white men), living in shrinking areas (small, rural towns), creating a reliance on people with shrinking incomes (white workers without college degrees) to survive.

Right-wing misinformation machine could gain steam post-election

Illustration: Aïda Amer/Axios

With less than a week until the 2020 election, researchers have expressed concern that the information ecosystem today is ripe for an unprecedented level of exploitation by bad actors, particularly hyper-partisan media and personalities on the right.

Why it matters: The misinformation-powered right-wing media machine that fueled Donald Trump's 2016 victory grew stronger after that win, and it's set to increase its reach as a result of the upcoming election, whether Trump wins or loses.

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