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North Korea first country to pull out of Olympics over COVID concerns

North Korea's sports ministry announced Tuesday that it's decided to pull out of this summer's Tokyo Olympics "to protect athletes from the global health crisis caused by the coronavirus."

Why it matters: North Korea is the first country to withdraw its team from the Games because of pandemic concerns.

  • South Korea's Unification Ministry said it had hoped to use the event to improve inter-Korean relations, which have deteriorations amid an impasse on nuclear talks with the U.S., AP notes.

The big picture: COVID-19 has already delayed the Olympics by a year.

  • Japan's government is forging ahead with its plans to hold the event in the summer, despite local concern about an uptick in coronavirus cases and a sluggish vaccine rollout.
  • Officials have said there will be "ample anti-virus measures" in place at the Olympics, per AP.

Flashback: North Korea gets bafflingly positive coverage at Winter Olympics

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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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