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Ex-Gaetz associate admits to sex trafficking, agrees to cooperate with federal prosecutors

Joel Greenberg, a former associate of Rep. Matt Gaetz (R-Fla.), agreed to cooperate with federal investigators and admitted to a variety of federal charges including sex trafficking a minor, New York Times reported Friday citing court papers.

Why it matters: Investigators believe Greenberg introduced women to Gaetz for paid sex and are looking into the Florida congressman's alleged sexual relationship with a 17-year-old girl. Greenberg could be a key witness as federal prosecutors decide whether to charge Gaetz.


Details: Gaetz's name does not appear in the court papers filed by prosecutors, but Greenberg admitted he and unnamed others had paid a 17-year-old girl for sex.

  • Greenberg said he provided drugs to the girl and introduced her to "other adult men, who engaged in commercial sex acts" with her, per the documents.
  • Prosecutors say they have evidence that backs up Greenberg's admissions, including his communications and transactions with the girl, as well as the dates of their alleged sexual encounters.

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Why the startup world needs to ditch "unicorns" for "dragons"

When Aileen Lee originally coined the term "unicorn" in late 2013, she was describing the 39 "U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors."

Flashback: It got redefined in early 2015 by yours truly and Erin Griffith, in a cover story for Fortune, as any privately-held startup valued at $1 billion or more. At the time, we counted 80 of them.

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Scoop: Facebook's new moves to lower News Feed's political volume

Facebook plans to announce that it will de-emphasize political posts and current events content in the News Feed based on negative user feedback, Axios has learned. It also plans to expand tests to limit the amount of political content that people see in their News Feeds to more countries outside of the U.S.

Why it matters: The changes could reduce traffic to some news publishers, particularly companies that post a lot of political content.

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