Axios

Microsoft Corporation (NASDAQ: MSFT) in May paused all advertisements on Facebook Inc. (NASDAQ: FB) and subsidiary Instagram's social media platforms in the United States, Axios reported Monday. What Happened The veteran technology company recently further paused all advertisements on Facebook...

The CEO of Airbnb Brian Chesky painted a grim picture of global travel in an interview with Axios, a news portal, on Sunday.  Travel Will Never Go Back To Normal Airing his views on travel as it was before the pandemic, Chesky said, “I will go on the record to say that travel will...

Entrepreneur Alexis Ohanian is departing from Initialized Capital, a venture firm he co-founded back in 2011, Axios reported Friday. Ohanian is leaving as he has become more interested in funding companies at a "pre-seed stage," instead of the seed stage that Initialized Capital focuses...

Snap Inc (NYSE: SNAP) will no longer promote U.S. President Donald Trump's account on Snapchat's "Discover" page. Axios' Sara Fischer was a guest on CNBC's "Squawk Box" to discuss her report and the broader takeaway in the social media sector....

President Donald Trump held discussions with Facebook Inc. (NASDAQ: FB) Chief Executive Officer Mark Zuckerberg over the phone the day after he had signed an executive order targeting social media legal immunity, Axios reported Sunday. What Happened Both sides described the conversation as...

Facebook Inc. (NASDAQ: FB) late Friday announced it had acquired popular graphics interchange format, or GIF, files platform Giphy. What Happened According to Axios, which first reported the news, Facebook has shelled $400 million for the animated images database and search engine. Facebook...

A Chinese student at the University of Minnesota was arrested and jailed in China for posting tweets critical of the Chinese government while he was in the United States, reported Axios, citing a Chinese court document. What Happened The 20-year-old student, Luo Daiqing, allegedly tweeted some...

Michelle Obama, the wife of the former U.S. President Barack Obama, is partnering with the digital media company ATTN to launch a video series on Facebook, Inc. (NASDAQ: FB) owned Instagram, according to Axios. Over the years, the Obamas have maintained a strong media presence through social media...

San Fransisco-based Juul Labs Inc. is facing separate lawsuits filed by five California school districts on Tuesday, Axios reported. What Happened The lawsuits filed in San Fransisco's federal district seek damages, alleging that Juul specifically targeted teenagers in the advertisements for...

Jony Ive, Apple Inc.'s (NASDAQ: AAPL) longtime chief design officer, on June 27 announced his plans to leave the iPhone maker to start his own independent design company of which Apple will be a client. Ive's name was offically removed from Apple's website on Nov. 28. Writing...

Ride-hailing company Uber Technologies Inc (NYSE: UBER) is facing calls for a boycott after its CEO called the murder of journalist Jamal Khashoggi a “mistake” by the Saudi Arabian government in an interview with Axios on HBO on Sunday. What Happened “I think that government said...

The Trump administration will no longer proceed with a large-scale overhaul of the drug-rebate industry. What Happened Pharmacy benefit managers (PBMs) negotiate a drug discount on behalf of health insurers and collect a commission for themselves as profit. Critics of the system argued it gives...

President Donald Trump reportedly plans to nominate former Republican presidential candidate and restaurant executive Herman Cain for a seat on the Federal Reserve Board. Cain, 73, the former CEO of Godfather's Pizza, also is a former director of the Federal Reserve Bank of Kansas City. If...

SmileDirectClub will file for an IPO this summer, according to a report that said JPMorgan will manage the public offering. The company, which provides “invisible aligner” products for teeth straightening, has raised nearly $400 million in capital, Axios reported Thursday. SDC announced...

As it turns out, Tesla Inc (NASDAQ: TSLA) suffered more than growing pains throughout this year’s Model 3 production ramp. It survived a near-death experience. What Happened CEO Elon Musk confessed in a Sunday interview with Axios that Tesla neared collapse this spring and summer. At one...