BIG TECH COLLUSION? Facebook Helped Liberal Axios Sell for $525M: Report

Meta (Facebook) helped liberal outlet Axios’ growth allowing it to secure a $525 million sale price, part of a wider problem of tech companies funding D.C. media outlets, according to a new report.

Facebook helped recent media startup Axios sell itself to Cox Enterprises for $525 million only five years after Axios’ founding, according to Vox’s Peter Kafka. Tech companies are “pouring” money into Washington, D.C. media organizations, Kafka reported. 

Axios is “a five-year-old media startup, backed by venture capital, that succeeded journalistically and financially,” Vox explained. That financial success culminated in the Cox acquisition. Vox said that tech companies, including Meta and Google’s parent Alphabet, have been funding “digital publishers” focused on D.C. recently in an effort to repair their reputations. Axios isn’t alone. Kafka said that other media outlets, including Punchbowl News or Politico, were also recipients of funding from technology companies.

Axios, a left-leaning news source, has shown bias numerous times. Axios claimed that the New York Post’s report on the now New York Times-authenticated Hunter Biden scandals “rings all the foreign-disinformation alarms in the book.” Axios also urged families in 2021 to have Thanksgiving “bouncers” to deny entry to any holiday guests who would not show a negative COVID-19 test.

“Facebook is a massive net plus for us,” Axios CEO Jim VandeHei told Vox’s Recode Media in 2020, explaining his publication’s unexpected ad growth. Recode claims that Meta (or Facebook) is the most prominent tech-funder among these D.C. media startups. The “new breed of digital-first publications” starting with Politico Reports indicate that 2007 has seen a decrease in the corporate funding of D.C. media outlets.

Kafka writes that among the media outlets which have been funded by tech companies are Punchbowl News, Politico and Axios.

Journalist of the Left Judd Legum tweeted screenshots with the comment, “The DC political newsletters by Politico, Axios and Punchbowl are ALL sponsored by Facebook.”

Kafka wrote, “[t]ech companies aren’t the only players in the so-called ‘corporate social responsibility’ ad market that has been around for years.” The publication noted that companies like Lockheed Martin run ads on shows or in print publications, wanting to catch the attention of Congress. Kafka said that the government is the intended audience and not viewers or readers.

While Big Tech companies like Facebook parent Meta make billions of dollars every year, publishers like Axios can thrive on the portion of tech companies’ profits spent on ads. Kafka claims that Axios charges up to $300,000. For a one-week-long campaign. wrote.

Kafka also noted that various companies’ “corporate responsibility ads” in D.C. publications may account for $350 million spent yearly, with as much as one-third of that coming from tech companies.

Conservatives under attack. Your representatives should be contacted to demand Big Tech is held accountable to the First Amendment and provide equal treatment for conservatives. If you have been censored, contact us using CensorTrack’s Use the contact formHelp us to hold Big Tech responsible.

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