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Ex-Gaetz associate pleads guilty to sex trafficking a minor

Joel Greenberg, a former associate of Rep. Matt Gaetz (R-Fla.), pleaded guilty on Monday to six criminal charges, including sex trafficking a 17-year-old girl and wire fraud, the Washington Post reports.

Why it matters: The Justice Department is investigating Gaetz "over whether he had a sexual relationship with a 17-year-old," per the New York Times. Greenberg, a former Florida county tax collector, could be a key witness as federal prosecutors decide whether to charge Gaetz.

  • Investigators found evidence "potentially implicating Gaetz in sex trafficking" after probing Greenberg’s conduct, the Post reports, citing people familiar with the matter.
  • "The allegations against me are as searing as they are false," Gaetz told Axios' Jonathan Swan in March. The Florida congressman and Trump loyalist has not been charged.

What's next: Greenberg has agreed to cooperate in the federal investigation in exchange for prosecutors dropping the other 27 counts he faced.

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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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