A fascinating new project from the rental search platform Apartment List pulls together piles of data to show where renters in every U.S. metro are moving to and from.
The big picture: Americans are moving at the lowest rates since the Census Bureau began tracking domestic relocations in 1947. Fewer than 10% of Americans moved to new places in 2018-2019.
Facebook stock was down more than 6% in after-hours trading on Wednesday after the tech giant reported that it beat Wall Street's earnings expectations on revenue, but only marginally beat them on earnings per share.
Why it matters: Despite increased scrutiny around issues like privacy and election security, regulatory setbacks and heightened competition from new apps like TikTok, Facebook has continued to grow its audience and revenue.
The not-in-my-backyard battles may soon have a new target: 5G small cells.
Where it stands: When it comes to 5G small cell acceptance, a PwC survey of 800 consumers suggests most people are willing to deal with unsightly 5G antennas, especially if they are in someone else's backyard.
Rep. Patrick McHenry, the top Republican on the House Financial Services Committee, wants facial recognition provider Clearview to explain its data collection practices and is calling on committee Chair Maxine Waters to schedule a hearing on the matter.
Why it matters: Clearview has come under fire following a New York Times report on its use of public images from social media and elsewhere on the internet to create a facial recognition system for law enforcement agencies.
China figured prominently throughout Apple's earnings report on Tuesday, helping fuel the company's record holiday quarter, but also playing a role in the uncertainty hanging over the current quarter.
Why it matters: Apple is the latest company to flag that China's coronavirus outbreak could harm near-term business.
Big Tech is getting greener — but that’s not keeping it out of climate advocates’ crosshairs.
The state of play: Even as major tech companies announce new green ambitions — and evince existing ones — they're facing heightened pressure to walk the walk when it comes to their products and clients.
The fate of the national race to build 5G wireless service depends on how effectively the guts of the network — namely, hundreds of thousands of bulky antennas — are placed in cities.
Why it matters: While global tensions mount over pressure to build 5G networks as fast as possible, U.S. cities are in a fight of their own with telecom carriers and federal regulators over how new 5G antennas — or small cells — will be scattered throughout downtowns and neighborhoods.
Mandy Ginsberg on Tuesday announced that she is stepping down as longtime CEO of Match Group, the owner of online dating sites including Match and Tinder.
Driving the news: Ginsberg told Match employees in an internal email, obtained by Axios, that her decision was more personal than professional, as a tornado had recently made her home "unlivable" and that she has had health issues, including a surgery just last Friday.
Buoyed by strong iPhone sales and a growing services business, Apple reported record quarterly revenue and profits that were well ahead of estimates and its own forecasts. Apple also projected revenue for the current quarter ahead of many analysts' expectations, sending shares higher.
Why it matters: The October-to-December quarter includes the all-important holiday shopping season, and Apple's results show the resiliency of its business.
Huge constellations of satellites expected to launch to orbit in the next few years are an opportunity for defense agencies to expand their communications — and transform the nature of conflict.
Why it matters: National security experts warn that China and other nations are ahead of the U.S. when it comes to beefing up their weaponized capabilities in orbit, potentially putting U.S. assets on Earth and in space in jeopardy.
BorgWarner, a leading supplier of vehicle power train components, agreed Tuesday to buy electronics manufacturer Delphi Technologies in a stock deal worth $3.3 billion.
Why it matters: The auto industry is on the cusp of a major shift to electric vehicles, but with many consumers still on the fence, the timing of the transition is unclear. The deal give BorgWarner the flexibility to offer a variety of gasoline, hybrid and electric powertrain systems for both passenger and commercial vehicles as it prepares for the future.
Facebook on Tuesday will announce a new round of investment worth $700,000 in various news organizations across the country, executives tell Axios. Many of the new commitments focus on newsrooms that cover diversity.
Why it matters: The investment is part of a greater than $300 million commitment from Facebook to invest in the news, especially local news.
The United Kingdom on Tuesday announced Chinese telecommunications giant Huawei will build part of the country's next generation 5G mobile networks.
Why it matters: The United States along with numerous Conservative MPs have repeatedly warned the U.K. that Huawei is a national security risk, claiming that China could use its equipment for espionage. It's a sign the U.S. campaign against Huawei is faltering as allies open their markets.
Misinformation about the coronavirus is testing governments, tech platforms and health officials — as well as a nervous public — in both the U.S. and China.
Why it matters: The new cycle of misinformation around the deadly disease is testing Big Tech platforms' ability to police rule-breaking content and China's ability to control domestic criticism.
