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WhatsApp is limiting message forwarding. Photo: Thomas Trutschel/Photothek via Getty Images

Facebook's secure messaging app WhatsApp announced Monday that it would cap the number of people a user could forward a message to at 5 in an attempt to prevent false stories from spreading too quickly.

Why it matters: U.S. WhatsApp users are probably most familiar with false allegations inflaming the political climate. That's bad, but nothing near as bad as what's happened in India, where rumors have lead to lynchings.

What they're saying: “We’re imposing a limit of five messages all over the world as of today,” Victoria Grand, WhatsApp vice president for policy and communications, told Reuters, announcing the change in Indonesia.

Because WhatsApp is encrypted in a way that not even Facebook can read the messages — thus preventing oppressive regimes from subpoenaing Facebook for the messages — there aren't many good options to moderate links and other content from propagandists or well-meaning-but-incorrect uncles.

Go deeper: WhatsApp bans Brazilian frontrunner Bolsonaro’s son amid fake news fears

Go deeper

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 3 hours 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.

Meadows cooperating with House Jan. 6 select committee

Mark Meadows. Photo: Yuri Gripas/Bloomberg via Getty Images

Former White House Chief of Staff Mark Meadows is cooperating with the House select committee in charge of investigating the Jan. 6 Capitol insurrection, the panel said Tuesday.

Driving the news: Meadows, who failed to appear before the panel earlier this month, is believed to have insight into former President Trump's role in efforts to stop the certification of President Biden's election win.