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Axios sells for $525 million, to a company that seemed to be getting out of the media business
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What We’re Reading
We keep an eye out for the most interesting stories about Labby subjects: digital media, startups, the web, journalism, strategy, and more. Here’s some of what we’ve seen lately.
Bloomberg / Davey Alba / Jun 27
“In February, Meta started an official internal process to shut down CrowdTangle…CrowdTangle became a tool not just for insight into social media strategy, but manipulation…Executives could no longer stomach supporting a feature that resulted in so many public relations crises for Meta.”
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