Illustration: Aïda Amer/Axios

We, the parent company of WeWork, is on a very high-minded mission. That mission is, literally, "to elevate the world's consciousness."

Reality check: We is also a company whose founder, CEO, and controlling shareholder is reportedly happy to leave "a sizable chunk" of marijuana in a chartered Gulfstream jet, opening up its owner to significant criminal liability. The same man "instructed staff to fire 20% of employees a year."

Between the lines: Kickstarter is a company dedicated to having a "radically positive impact on society." As a chartered Benefit Corporation, it attests that it's more interested in its community than in its profits.

  • Kickstarter is also fighting a unionization drive. It has fired 3 of the 8 members of its union organizing committee, and refuses to voluntarily recognize the union.
  • Kickstarter is risking its much-vaunted status by doing so. "Specific actions taken against a unionization drive may jeopardize a company’s B Corp status," a representative of B Lab, the company that certifies companies as B Corps, tells Axios.

Etsy used to be a B Corp, but then it fired its CEO and more than 200 other employees, gave up its B Corp status and started becoming much more profitable.

The bottom line: Companies love to talk about their grand ideals. But those ideals can get thrown under the bus very quickly if profits lie elsewhere.

Go deeper

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 12,009,301 — Total deaths: 548,799 — Total recoveries — 6,561,969Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 3,053,328 — Total deaths: 132,256 — Total recoveries: 953,420 — Total tested: 37,532,612Map.
  3. Public health: Houston mayor cancels Republican convention over coronavirus concerns Deaths are rising in hotspots — Déjà vu sets in as testing issues rise and PPE dwindles.
  4. Travel: United warns employees it may furlough 45% of U.S. workforce How the pandemic changed mobility habits, by state.
  5. Education: New York City schools will not fully reopen in fallHarvard and MIT sue Trump administration over rule barring foreign students from online classes.
  6. 🎧 Podcast: A misinformation "infodemic" is here.

Transcripts show George Floyd told police "I can't breathe" over 20 times

Photo: Gary Coronado/Los Angeles Times via Getty Images

Newly released transcripts of bodycam footage from the Minneapolis Police Department show that George Floyd told officers he could not breathe more than 20 times in the moments leading up to his death.

Why it matters: Floyd's killing sparked a national wave of Black Lives Matter protests and an ongoing reckoning over systemic racism in the United States. The transcripts "offer one the most thorough and dramatic accounts" before Floyd's death, The New York Times writes.

8 hours ago - Health

Fighting the coronavirus infodemic

Illustration: Sarah Grillo/Axios

An "infodemic" of misinformation and disinformation has helped cripple the response to the novel coronavirus.

Why it matters: High-powered social media accelerates the spread of lies and political polarization that motivates people to believe them. Unless the public health sphere can effectively counter misinformation, not even an effective vaccine may be enough to end the pandemic.