Just hours after the Nunes memo was released by the House Intelligence Committee, Axios Executive editor Mike Allen discusses just how rare this is, and what the memo means.
The big picture: "Three of the biggest tech companies reported record quarterly financial results ... as they extended their dominance over swaths of the global economy," The Wall Street Journal writes in its lead story:
In downtown Bethesda, Md., an Amazon bookstore is opening right down the street from a now out-of-business Barnes & Noble. Axios' Steve LeVine discusses the ramifications of the takeover.
A new patent from Facebook describes a system that would use data points it collects on the user — like education, travel history, the number of devices owned, and homeownership — to predict their socioeconomic status. The patent was spotted by CBInsights.
Why it matters: The social network, which is already coming under fire for knowing too much about its users, could use such a system to better target ads and content to specific audiences.
