Welcome to Axis ProRata, a podcast that takes just 10 minutes to get you smarter on the collision of tech business and politics.

I'm Dan Pramak. On today's show, Uber takes a huge step toward its IPO in the fall of a Silicon Valley punchline.

But first, the future of fake news, or as it's sometimes known, fake news.

Now, this is an extremely complicated issue, not the least of which is because we don't all agree on what fake news means.

For President Trump and some of his supporters, it simply means news stories with which they don't agree or think contains inaccurate

information. That's more an argument about biased or bad journalism, not about fake news.

And before I get an angry email, please understand, I'm not saying this from a partisan

perspective. I'm saying it because fake news is a serious problem. And while its history is

intertwined with Trump's victory in 2016,

it's not really about him or any political candidate or ideology. It's about manipulating us,

you and me, to believe things that simply aren't true, not just spin, but outright falsehoods

that can lead us to believe things we otherwise wouldn't. And the bottom line here is these

efforts are becoming much more sophisticated, even as platforms like Facebook and Twitter are fighting to stop it.

So, for example, you might have heard of something called deepfakes, which is technology that's

being perfected now to let people manipulate video to make it seem like someone said something

they didn't actually say. And even if you and I choose to vote for different candidates in the fall,

we can both agree it's best if we know what each of those candidates did and didn't say. So in 15

seconds, we'll go deeper on this with Axios Media reporter Sarah Fisher, who today has a great

piece on what she calls fake news 2.0. But first, this. There is more news out there than ever

before, but these days, it's harder than ever to find it and to know what to trust.

Axios AM takes the effort out of getting smart by synthesizing the 10 stories that will drive the day and telling you why they matter.

Subscribe at signup.axios.com.

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