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Flipboard is becoming one of the biggest drivers of traffic to news stories on mobile, according to exclusive data from media analytics firm Parse.ly, which found that Flipboard's traffic has been growing steadily, while digital magazine competitors like Pocket and Feedly have plateaued or gone into decline.

Expand chart
Data: Parse.ly; Chart: Andrew Witherspoon / Axios

Why it matters: Flipboard's investments in a simple mobile user experience and editorial curated quality content are paying off. In an interview with Axios, Flipboard CEO Mike McCue says the company had its first cash flow positive month in February since he founded the company 7 years ago in 2010. Other outlets, like Apple News and Snapchat Discover, are also banking on vetted, curated content to lure ad dollars from companies concerned about brand safety and user experience on bigger automated platforms.

Money quote: "Creating great user experiences is similar to producing great writing — it's not always about what you add, but often about what you leave out," says Parse.ly CTO Andrew Montalenti. "Parse.ly data indicates that platforms that simplify the UX around content, like Flipboard and Reddit, have seen sustained growth, especially on mobile, and will likely be a larger portion of traffic moving forward."

Go deeper

Crypto industry faces $30 billion tax threat from infrastructure bill

Illustration: Sarah Grillo/Axios

It's finally "Infrastructure Week" and Congress is hammering out the details of a $1 trillion bill inching closer to the finish line. But one area that could face unpleasant consequences from the bill is cryptocurrencies.

Why it matters: Nearly $30 billion in taxes from cryptocurrency transactions, as part of the bill's "pay-fors," is at stake.

Square to acquire "buy now, pay later" company Afterpay

Illustration: Brendan Lynch/Axios

Square has agreed to acquire Afterpay, an Australian company in the "buy now, pay later" (BNPL) category, for $29 billion.

Why it matters: This is Square's second big-ticket acquisition this year (after Tidal), showing that it's not shy when it comes to bold moves to expand its business lines.

Updated 3 hours ago - Sports

Olympics dashboard

Team USA's Simone Biles watching the women's uneven bars final at the Olympic Games in Tokyo, Japan, on Sunday. Photo: Jamie Squire/Getty Images

🚨: Simone Biles will compete in her final Olympic event

⚽: U.S. women's soccer team falls to Canada in semifinals, ending chances at gold

🏋️‍♀️: Laurel Hubbard becomes first openly trans woman to compete at Olympics

🤸: U.S. gymnast Jade Carey wins Olympic gold in floor exercise final

🪧: IOC "looking into" American Raven Saunders' Olympic podium protest gesture

📷In photos: Day 10 Olympics highlights

🏳️‍⚧️: Axios at the Olympics: Games grapple with trans athletesTrans athletes see the Tokyo Games as a watershed moment

Go deeper: Full Axios coverage

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