Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Sarah Grillo/Axios

Internet companies are leaning into new services that add a social component to the otherwise isolated experience of staying home in front of a screen.

Why it matters: These options for virtual watch parties, virtual concerts and communal gaming often rely on smart TVs — turning the living room back into a place to socialize with friends, even if they're not actually there.

  • "The advent of the pandemic meant that pretty much everyone faced the same problem: How can I easily spend time with friends and family online without it becoming a technical ballache?," PC Gamer Brand Director Tim Clark said.

Driving the news: The pandemic introduced a slew of new virtual "watch" and "listen" parties from nearly every streaming and gaming company. Those features are becoming permanent fixtures.

  • Streaming together: HBO Max launched a group watch party tool last month in conjunction with Snapchat. Apple over the summer announced SharePlay, a live content-sharing feature via FaceTime. Disney launched GroupWatch in 2020. Netflix Party relaunched as "TeleParty" over the summer.
  • Watching together: Even smaller video streaming experiences are increasingly coming together. Discord is experimenting with a new Discord group watch party feature, called Watch Together, that lets users watch the same YouTube videos together at the same time.
  • Listening together: Virtual concerts became a huge trend during the pandemic, as users tried to recreate their favorite music experiences from home. Gaming platforms, like Twitch, leaned into such experiences, hosting massive virtual festivals with A-listers. Roblox last month introduced "listening parties" that allow users to experience album debuts together virtually.
  • Gaming together: Gaming has long been a group activity, but chat platforms like Discord are making it easier than ever for gamers or friends to bond over everything from videos to live audio chats. Last month, Discord said it was testing a "Watch Together" feature for joint YouTube video viewing.

By the numbers: The vast majority of streaming activity last year happened in the living room, per Nielsen. An increase in viewing in the living room "speaks to the growth of co-viewing" as consumers came together during the pandemic, per Nielsen.

Yes, but: A generation of people are growing up in a world where they are constantly connected, even when they are miles away. While this creates an unprecedented level of closeness, it could also be what drives some people apart.

  • "Always being connected can create pressure and performance anxiety," said Colby Zintl, Chief Marketing Officer at Common Sense Media, and advocacy group for kids. "With kids, we know they benefit from having a separation."

Go deeper: Attention wars move to the living room

Go deeper

Xbox chief wary of “exploitive” NFT gaming projects

Photo: Microsoft

Microsoft’s head of gaming, Phil Spencer, is being cautious about the prospects of NFT gaming, saying some current efforts feel “exploitive.”

Why it matters: As the operator of one of the biggest online gaming marketplaces in the world, Xbox has the power to let NFT gaming companies and their projects into its ecosystem or keep them out.

Fed signals it could yank economic support quicker as inflation sticks around

Federal Reserve chairman Jerome Powell testifies during a hearing before Senate Banking, Housing and Urban Affairs Committee today. Photo: Alex Wong/Getty Images

The Federal Reserve will consider pulling back economic support sooner "as the threat of persistently high inflation has grown," chair Jerome Powell said during a congressional hearing on Tuesday.

Why it matters: This is the biggest signal yet the Fed is backing away from its stance that soaring prices would be fleeting — a change that could shift its policies that underpin the economy.

Felix Salmon, author of Capital
Updated 1 hour ago - Economy & Business

Crypto meets the real world

Illustration: Megan Robinson/Axios

The two largest countries in the world seem intent on effectively banning their citizens from participating in crypto, which poses a serious threat to the crypto agenda.

Why it matters: The crypto world is global — but the real world is fragmented into nation-states, each of which claims control of what happens within its borders.