When it comes to the app economy, it's clear that the spoils are not divided evenly. In fact, new data from Sensor Tower suggests that the top 10 publishers generated 67 percent of all revenue for the first quarter.
Why it matters: Just as on the free apps side, where Google and Facebook dominate, the riches are increasingly concentrated in the hands of just a few companies on the paid side.
Illustration: Annelise Capossela/Axios
Illustration: Eniola Odetunde/Axios
Online shopping and e-commerce have been chipping away at brick-and-mortar retailers over the years and the combination of the coronavirus pandemic and the 2020 holiday season may prove to be a knockout blow.
State of play: Anxious consumers say financial concerns and health worries will push them to spend less money this year and to do more of their limited spending online.
California Gov. Gavin Newsom. Photo: Justin Sullivan/Getty Images
California will "independently review" all coronavirus vaccines approved by the Food and Drug Administration before allowing their distribution, Gov. Gavin Newsom (D) announced at a news conference Monday.
Why it matters: The move that comes days after NAID director Anthony Fauci said he had "strong confidence" in FDA-approved vaccines could cast further public doubt that the federal government could release a vaccine based on political motives, rather than safety and efficacy.
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