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Trump to far-right Proud Boys: "Stand back and stand by"

Asked to condemn white supremacist violence at the first presidential debate on Tuesday, President Trump said the far-right Proud Boys group should "stand back and stand by," before immediately arguing that violence in the U.S. "is not a right wing problem. This is left wing."

Why it matters: Trump has repeatedly been accused of failing to condemn white nationalism and right-wing violence, despite the FBI's assessment that it's the most significant domestic terrorism threat that the country faces. The president has frequently associated Antifa and the left-wing violence that has afflicted some U.S. cities with Biden, despite his condemnation of violent protests.


The exchange:

WALLACE: "Are you willing tonight to condemn white supremacists and groups to say they need to stand down and not add to the violence in a number of the cities as we saw in Kenosha and as we've seen in Portland. 
TRUMP: "Sure. I'm willing to do that."
WALLACE: "Go ahead sir."
TRUMP: "I would say almost everything I see is from the left wing. Not from the right."
WALLACE: "What are you saying?"
TRUMP: "I'm willing to do anything. I want to see peace."
WALLACE: "Then do it sir. Say it."
TRUMP: "What do you want to call them. Give me a name. Who do you want me to condemn?"
WALLACE: "White supremacists and right -- "
BIDEN: "Proud boys."
TRUMP: "Proud boys, stand back and standby. But I'll tell you what. Somebody has to do something about antifa and the left. This is not a right wing problem. This is left wing."

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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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