Why it matters: From the Valley to D.C., Big Tech players like Facebook, Google and Amazon are under more scrutiny than ever as new technology develops and privacy and antitrust concerns grow in lockstep with companies’ ambitions.
Illustration: Lazaro Gamio/Axios
Nikola announced Monday that executive chairman Trevor Milton, who is also the company's founder, is out as the electric and fuel cell truck startup reportedly faces federal inquiries into a short-seller's allegations of inaccurate or misleading statements.
Why it matters: It's the latest move in a head-spinning series of events for Nikola.
Photo: Sheldon Cooper/SOPA Images/LightRocket via Getty Images
A federal judge early on Sunday temporarily blocked a Trump administration order banning downloads of the Chinese-owned global messaging app WeChat.
Why it matters: The temporary injunction means WeChat will remain on Apple's and Google's app stores, despite a Commerce Department order to remove the app by Sunday evening.
Illustration: Sarah Grillo/Axios
President Trump on Saturday said he approved "in concept" a deal whereby TikTok will be allowed to continue operating in the U.S., with Oracle as its "trusted technology partner."
Why it matters: TikTok has nearly 100 million U.S. users, and is still growing fast. Trump has threatened to ban it, due to data privacy concerns related to TikTok's ownership by Chinese tech company.