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India surpasses 100,000 daily COVID cases for first time

India's Ministry of Health confirmed 103,558 new COVID-19 infections on Monday.

Why it matters: It's the first time the country has reported over 100,000 new coronavirus cases in one day. India is the second country after the U.S. to record more than 100,000 new infections in a single day.


Of note: The Indian government has paused some coronavirus vaccine exports as the country grapples with a second wave of cases.

By the numbers: There are currently 7,41,830 active cases in India, according to the health ministry.

  • 12.59 million infections have been recorded in the country of over 1.3 billion since the pandemic began.
  • The ministry also reported on Monday 478 more deaths from the virus, taking the toll to 165,101.

Go deeper: India's second wave hits the whole world through vaccine export curbs

Editor's note: This a breaking news story. Please check back for updates.

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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

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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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