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Rep. Adam Kinzinger becomes first GOP lawmaker to call on Gaetz to resign

Rep. Adam Kinzinger (R-Ill.) late Thursday called for Rep. Matt Gaetz (R-Fla.) to resign amid a federal investigation into sex trafficking allegations.

Why it matters: Kinzinger is the first congressional Republican to publicly demand Gaetz step down. Gaetz has denied allegations of being sexually involved with a 17-year-old, telling Axios in an interview last month that the investigation is "rooted in an extortion effort against my family for $25 million."


What they're saying: "Matt Gaetz needs to resign," Kinzinger tweeted late Thursday, linking to a Daily Beast article about allegations against Gaetz.

  • The article alleges that Gaetz paid his close friend Joel Greenberg, who is said to be negotiating a plea deal on sex trafficking charges, $900 in two late-night Venmo transactions.
  • Greenberg then sent three young women Venmo transactions totaling $900, with the captions “Tuition,” “School,” and “School," according to the Daily Beast.
  • A Gaetz representative from PR firm the Logan Circle Group told the Beast in a statement: "The rumors, gossip and self-serving misstatements of others will be addressed in due course by my legal team."

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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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