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Pictures of Ruhollah Khomeini and Hassan Rohani are stomped by the protesters in front of the embassy of Iran in Paris.Photo: Julien Mattia / NurPhoto via Getty Images

The U.S. Treasury Department announced today it's placing new sanctions against five Iranian entities over ties to the country's ballistic missile program and said that "additional sanctions targeting human rights abuses would be forthcoming."

Why it matters: The timing. In less than two weeks Trump will have to decide whether to waive economic sanctions as they relate to the the 2015 nuclear deal, which eased the sanctions in exchange for Iran backing off its nuclear weapons aspirations. Trump will also have to decide whether to re-certify the deal.

Go deeper: The move also comes amid Iranian citizens' backlash and protests against the government.

Go deeper

17 mins ago - Technology

TikTok hits 1 billion users

Data: Axios research; Chart: Will Chase/Axios

TikTok on Monday said that it has amassed more than 1 billion monthly active users in its short lifetime, joining an exclusive club of apps that have already reached that size.

Why it matters: TikTok has continued to grow despite enormous pressure from regulators around the globe and increased competition from copycat products built by its competitors.

17 mins ago - Technology

Facebook: Metaverse won't "move fast and break things"

Illustration: Aïda Amer/Axios

Facebook on Monday said it will invest $50 million over two years in global research and program partners to ensure its metaverse products "are developed responsibly."

Why it matters: "It's almost the opposite of that now long-abandoned slogan of 'move fast and break things,'" Facebook's VP of global affairs Nick Clegg told Axios in an interview at The Atlantic Festival Monday.

Ina Fried, author of Login
27 mins ago - Technology

Facebook presses "pause" on Instagram Kids

Illustration: Annelise Capossela/Axios

Facebook's announcement Monday that it was "pausing development" on Instagram Kids did little to slow a wave of criticism of the project ahead of a Senate hearing Thursday.

Yes, but: There's an argument to be made for building kids' versions of popular apps, even if their adult versions are causing real-world harms.