Uber CEO Dara Khosrowshahi. Photo: Justin Sullivan/Getty Images.

Uber filed paperwork confidentially this week for its initial public offering, The Wall Street Journal reports.

Why it matters: Private financing has outpaced IPO fundraising in tech since the '90s, per a previous Axios report. Now, both Uber and Lyft's IPOs are expected to be the largest among the many companies in Silicon Valley that are aiming for 2019 stock market debuts.

Our thought bubble: Axios’ Dan Primack explains that the move isn’t a surprise, as Uber has been talking about a 2019 IPO for at least a year. Don’t fall prey to the “Uber vs Lyft racing each other to go public” narrative.

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When U.S. politicians exploit foreign disinformation

Illustration: Aïda Amer/Axios

U.S. political actors will keep weaponizing the impact of widespread foreign disinformation campaigns on American elections, making these operations that much more effective and attractive to Russia, China, Iran or other countries backing them.

Why it matters: Hostile powers’ disinformation campaigns aim to destabilize the U.S., and each time a domestic politician embraces them, it demonstrates that they work.

15 mins ago - Technology

Samsung debuts Note 20, new foldable smartphone

The Galaxy Note 20 Ultra

Samsung unveiled its crop of new mobile devices Wednesday, including two versions of the Note 20 smartphone, an updated foldable device, two tablets and a watch.

Why it matters: The new devices aim to give Samsung an early start at the second half of the year, with products aimed at parents buying fresh gear for the back-to-homeschool season.

Joe Biden will no longer travel to Milwaukee for Democratic convention

Photo: Mark Makela/Getty Images

Joe Biden will no longer be traveling to Milwaukee the week of Aug. 17 to accept his nomination in person at the Democratic National Convention due to COVID-19 concerns, the DNC announced Wednesday.

Why it matters: No planned speakers will travel to Milwaukee, meaning that the convention will be entirely virtual — unlike the hybrid event that the party had previously been planning. Biden will accept the nomination from his home state of Delaware.