Twitter on Thursday announced a slew of new product updates, spanning everything from a creator fund to live audio improvements and even Bitcoin tips.

Why it matters: For years, Twitter made few changes to its product, instead relying mostly on ad innovations to grow its business. Now, it's adding new features faster than it ever has before.

NTWRK, a livestream shopping platform, has raised $50 million in a new funding round, bringing its total amount raised to $60 million, the company said Thursday.

Why it matters: The pandemic dramatically expedited the shift to e-commerce, further increasing the opportunity for platforms like NTWRK to capitalize on growing trends, like live video shopping.

Netflix said Wednesday that it's acquiring the Roald Dahl Story Company (RDSC), the UK-based company that owns and manages the rights of the storied works from the late British author Roald Dahl. Deal terms weren't disclosed.

Why it matters: It's likely one of Netflix's largest content acquisitions. Netflix typically licenses programming for its streaming service, instead of buying the rights outright.

Credit Mexican engineering and entrepreneurship for developments that led to the color television, oral contraception and finding a way to help mend the ozone layer.

Why it matters: The contributions helped modernize how we could see the world; improve women's health and expand women's roles beyond the home; and identify dangerous emissions and how to reduce them.

Latinos are severely underrepresented in the media industry and have made few gains in film, television, or newsrooms since 2014, according to a preliminary U.S. Government Accountability Office report.

The big picture: The study by Congress's watchdog followed a request from U.S. Rep. Joaquin Castro (D-Texas), who has been speaking out about the lack of Hispanic staffers in media outlets and the stereotypes that persist from that exclusion.

Minute Media has raised “tens of millions of dollars” in a previously unreported funding round, with participation from sports betting giant FanDuel, its founder and CEO Asaf Peled tells Axios.

Why it matters: The funding will strengthen a years-long partnership as Minute Media seeks to invest more in sports betting, and FanDuel more in content.

The Washington Post on Tuesday launched an ad network as part of its Zeus advertising technology business, executives told Axios. The network has been in the works for two years.

Why it matters: Marketers have long said they want to buy ads with the ease and efficiency of platforms like Google and Facebook, but on trusted websites like premium news publishers. This ad network solves that.

Industry Dive, a Washington, D.C.-based business journalism outlet, is acquiring PharmaVOICE, a trade publication for pharmaceutical industry executives, its CEO and co-founder Sean Griffey tells Axios. The deal marks Industry Dive's fourth acquisition in the last year and a half.

Why it matters: The company, which is expected to finish 2021 with more than $80 million in revenue, is pursuing a similar strategy to several other media companies that are trying to remain independent: acquire small brands to get bigger incrementally.

6AM City, a newsletter-driven local news company, has raised a new round of funding north of $5 million, Axios has learned.

Why it matters: 6AM City is one of the fastest-growing startups catered specifically to local news.

Latino and Hispanic Americans are vastly neglected and poorly represented in popular films, according to a new report from the University of Southern California's Annenberg Inclusion Initiative.

Why it matters: The report, released on the first day of Hispanic Heritage Month, found that while Hispanic and Latino Americans have the highest per-capita theater attendance in the nation, they're rarely cast in lead roles in popular films.