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Axios (Website) Summary

Axios (website)

Axios (stylized as AXIOS) is an American news and information website founded in 2016 by Politico co-founder Jim VandeHei, Politico's former chief White House correspondent, Mike Allen, and former Politico chief revenue officer, Roy Schwartz. The site's name is based on the Greek: ἄξιος (áxios), meaning "worthy". It officially launched in 2017. The company had raised $30 million as of November 2017.The company launched with the mission statement: "Media is broken—and too often a scam". It planned to focus on "business, technology, politics, and media trends". Furthermore, it disavowed banner ads, pop-ups, and clickbait titles, in favor of native advertising. Axios articles are known for their brevity, clear structure, and frequent use of bullet points.The company earned more than $10 million in revenue in its first seven months, primarily from native advertisements between stories. The company has projected that half its revenue will come from subscriptions. Jonathan Swan is a notable correspondent.

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