Axios is selling itself to Cox Enterprises for $525 million, the companies announced Monday, in an all-cash deal that will keep Axios’ founders in charge and fund the digital media company’s push to grow its professional and local news offerings. The deal, set to close this month and first reported by The New York Times , follows a 2021 investment by Cox that valued the news site at $430...
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Meta Declares ‘Year of Efficiency’ as Revenue Stagnates

We’re in the middle of Chinese New Year celebrations at the start of the Year of the Rabbit. At Meta Platforms, though, it’s the “year of efficiency,” as CEO Mark Zuckerberg declared Wednesday on announcing fourth-quarter results. Investors such as Altimeter Capital, which last fall called on Meta to streamline, will be happy. It’s just a pity that Meta, like much of big tech, appears to have...
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