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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.
Florida oxygen shortage hits more than hospitals
A shortage of medical-grade oxygen in COVID hotspots like Florida is rippling through the economy, crimping manufacturing and intensifying a shortage of truck drivers.
Why it matters: It's the latest example of the supply chain chaos that's developed in the pandemic economy. Oxygen suppliers like Airgas have diverted all their supply to hospitals, leaving industrial customers in a lurch — and potentially putting themselves in legal jeopardy for breaching contracts, sources tell Axios.
YouTube says content policing is good for business
While critics allege YouTube puts profits over public safety, product head Neal Mohan insists that the Google-owned video site is working to be a better content moderator, in part because it is good for business.
Why it matters: Users spend billions of hours watching videos on YouTube, and the site's content recommendations shape how that time is spent. Facebook and Twitter tend to get more attention on content moderation, but YouTube remains an equally important information battleground.