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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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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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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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