Microsoft announced Friday it will suspend contributions for the rest of the 2022 election cycle to all members of Congress who voted to object to the presidential election results.
Driving the news: The decision comes after Microsoft held listening sessions with employees to discuss the future of its political action committee after the Capitol riot.
Kuaishou, a Chinese short-video and livestreaming app, raised $5.4 billion in its IPO. Its shares then nearly tripled in Friday trading, pumping the company’s valuation to $159 billion.
Why it matters: It's the largest global IPO in over a year, and the largest global tech IPO since Uber in May 2019. Plus, it means Kuaishou is now valued just a TikTok short of rival ByteDance.
Seniors are supposed to be among the first Americans to get COVID-19 vaccines, but they're running into a major problem: Signing up for the appointments online.
The big picture: Millions of older Americans aren't online at all, and many who do have internet access are struggling to find and use the sign-up portals that local health officials have scrambled to set up.
After avoiding unions for decades, tech workers are increasingly interested in ways that the labor movement might help give them a stronger voice inside their powerful organizations.
Why it matters: We're not about to see broad-scale unionization at tech companies — but even a small foothold could serve as a check on the power of Amazon, Google and others.
Gene-editing may lead the next generation of diagnostics that could help to quickly stop disease outbreaks and pandemics.
The big picture:New mRNA vaccine platforms, up-and-coming CRISPR diagnostics and other genomics-based tools may be the key to halting future pandemics. Their "plug and play" characteristics should allow a short turnaround to diagnose a pathogen, contact-trace suspected carriers, and develop a protective vaccine, experts tell Axios.
Jeff Bezos this week announced plans to retire as CEO of Amazon, which he founded and helped turn into one of the world's most successful and significant companies.
Axios Re:Cap digs into what's next for Bezos and for Amazon — and Bezos' place in the innovators pantheon — with Steve Jobs' biographer Walter Isaacson, a former Time Magazine editor who put Bezos on the cover in 1999 and who more recently penned the forward to a collection of Bezos' writings.
French President Emmanuel Macron on Thursday lambasted social media networks for their decisions to “suddenly cut the mic” as soon as they were sure Donald Trump was leaving power, particularly as they'd effectively “egged President Trump” on during his presidency.
Why it matters: Speaking at an Atlantic Council forum, Macron said the decisions to ban Trump by platforms like Twitter and Facebook may have seemed sensible in the short term, but did not provide a “democratic answer.” Other world leaders like Germany's Angela Merkel have previously raised similar concerns.
Democrats and Republicans might have found an area of sincere, bipartisan unity: making it harder for Big Tech companies to complete mergers and acquisitions.
Why it matters: This is a mixed bag for tech startups. On the one hand, it could slow the growth of mega-platforms, thus giving startups more breathing room. On the other hand, it could limit liquidity options.
Tech giants spooked by threats of regulation around the world are finally starting to pay news companies for their content, giving the struggling news industry a glimmer of hope at a critical time during the pandemic.
Why it matters: Without government intervention, experts predict that many quality news outlets will eventually crumble, leading to a more serious global misinformation problem.
Americans largely think tech giants are too big and should be regulated, and mostly don't believe the news media is good for U.S. society, according to a poll from YouGov and the Center for Growth and Opportunity shared exclusively with Axios.
Why it matters: After an ugly election season marred by extremism on social and traditional media, people are feeling wary of the places they consume news and share their personal information.
Facebook's business may be booming, but for the first time in the company's history, that doesn't seem to be enough to convince Wall Street its future is bright.
The big picture: Several Facebook executives have told Axios over the past year that big scandals — like the 2020 ad boycott, the Capitol siege, or the company's high-profile battle with Apple — have been the hardest challenges they've ever professionally faced. Now, Wall Street is having doubts, too.
Sen. Amy Klobuchar is out today with a plan for how Congress could update antitrust laws to give enforcers better odds and more ammunition for taking on Big Tech and other industries dominated by a handful of mega-corporations.
Why it matters: The Minnesota Democrat will lead the Senate Judiciary antitrust panel, putting her in position to take the lead on rewriting competition laws. Her new bill aligns with proposals from House Democrats and some populist Republicans, upping the chances she can get it passed.
Rep. Alexandria Ocasio-Cortez, who captivated millions this week with an Instagram Live monologue about her Capitol siege experience, shared her social media savvy Wednesday during a master class with her fellow Democrats.
Why it matters: One of the party's best digital practitioners is trying to help the Congressional Progressive Caucus, in particular, become stronger, more sophisticated and prolific so it can better shape policy in the 117th Congress.
John Matze, CEO and co-founder of far-right friendly social media platform Parler, said on LinkedIn Wednesday that he has been terminated.
Why it matters: Parler has been at the center of controversy since Amazon Web Services, Apple and Google unplugged the network last month for its lack of content moderation related to the Jan. 6 Capitol riot.
/2021/02/05/1612538135657.gif?w=3840)
/2021/02/04/1612453603429.gif?w=3840)
