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Illustration: Greg Ruben / Axios; Photo: Mark Lennihan / AP

Snapchat announced Tuesday that Snaps no longer have to be confined to 10 seconds or less — now they can last forever, which is antithetical to its original purpose.

The features: A new "infinity" tool allows users to Snap without any time constraints, allowing users to share videos at a length users could share on Facebook or Instagram. They're also adding a new "loop" feature for videos so users can decide if Snaps play once or are repeated over and over, like Vine (RIP), and a suite of new camera features that include sophisticated photo-editing tools.

Why it matters: Snapchat has now rolled out its biggest product update of the year and its biggest ad update of the year within a week of its first-ever earnings report to investors (tomorrow) since becoming a publicly-traded company in February. The moves are likely meant to showcase to investors that they are thinking through ways to retain users and grow its advertising base, as Facebook and Facebook-owned Instagram continue to copy its features and eat at its growth.

Our thought bubble: The addition of sophisticated photo-editing features and the ability to create longer videos is part of Snap's strategic market pivot from being a self-proclaimed "photo-sharing" company in 2012 to a self-proclaimed "camera company" in 2016.

Go deeper

Dominion sends cease and desist letter to My Pillow CEO Mike Lindell

Photo: Stephen Maturen/Getty Images

Dominion Voting Systems on Monday sent a cease and desist letter to My Pillow CEO Mike Lindell over his spread of misinformation related to the 2020 election.

Why it matters: Trump and several of his allies have pushed false conspiracy theories about the company, leading Dominion to take legal action. It's suing pro-Trump lawyer Sidney Powell for defamation and $1.3 billion in damages, and a Dominion employee has sued Trump himself, OANN and Newsmax.

Off the Rails

Episode 5: The secret CIA plan

Photo illustration: Aïda Amer, Sarah Grillo/Axios. Photo: Zach Gibson/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. This Axios series takes you inside the collapse of a president.

Episode 5: Trump vs. Gina — The president becomes increasingly rash and devises a plan to tamper with the nation's intelligence command.

In his final weeks in office, after losing the election to Joe Biden, President Donald Trump embarked on a vengeful exit strategy that included a hasty and ill-thought-out plan to jam up CIA Director Gina Haspel by firing her top deputy and replacing him with a protege of Republican Congressman Devin Nunes.

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: CDC director defends agency's response to pandemic — CDC warns highly transmissible coronavirus variant could become dominant in U.S. in March.
  2. Politics: Empire State Building among hundreds to light up in Biden inauguration coronavirus tribute.
  3. Vaccine: Fauci: 100 million doses in 100 days is "absolutely" doable.
  4. Economy: Unemployment filings explode again.
  5. Tech: Kids' screen time sees a big increase.