Photo: Flipboard

Mobile news app Flipboard has hired Kal Amin, a former Spotify and AOL executive, to be its chief operating officer, Axios has learned.

Why it matters: The move comes as Flipboard looks to seize on interest in reliable news sources—and shoots for profitability.

Amin started over the last couple of weeks and is one of several executives hired over the past nine months, including head of sales Mike Owen, who came from AdColony, and head of finance Cal Ito, who came from Amazon's A9 unit.

"As people start to realize they need a place to reliably go to read about the things they care about, it’s time for us to seize that moment, whether it is on the product or on the management team," CEO Mike McCue told Axios.

Humans, not robots: On the product side, McCue said to expect the company to double down on human curation. There are already 35 million user-generated Flipboard "magazines," but the company will add other formats in the coming months, he said.

And, he notes, curating news and selling advertising isn't that different from Amin's past job helping build an advertising business around curated playlists.

"One of the things I really love about Kal is, not only is he an amazing operator, he helped build the ad business at Spotify from scratch," McCue said.

Aiming for profitability: Despite the new executives, McCue said overall headcount has remained roughly flat at around 145 for the past couple of years, as the company looks to keep a lid on expenses in order to reach profitability.

"We believe we can get to that goal without having to raise any more cash," he said.

Go deeper

Media prepares to fact check debates in real time

Illustration: Annelise Capossela/Axios

From live blogs to video chyrons and tweets, media companies are introducing new ways to fact check the presidential debates in real time this year.

Between the lines: The debates themselves are likely to leave less room for live fact-checking from moderators than a traditional news interview would.

Life after Roe v. Wade

The future seems clear to both parties: The Supreme Court will overturn Roe v. Wade in the next few years, either gradually or in one fell swoop, and the abortion wars will move to a state-by-state battle over freedom and restrictions. 

What's new: Two of the leading activists on opposite sides of the abortion debate outlined for “Axios on HBO” the next frontiers in a post-Roe v. Wade world as the balance on the Supreme Court prepares to shift.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Jerome Powell, Trump's re-election MVP

Photo illustration: Annelise Capossela/Axios. Getty Images photos: Andrew Caballero-Reynolds/AFP and Lev Radin/Pacific Press/LightRocket

President Trump trails Joe Biden in most polls, has generally lower approval ratings and is behind in trust on most issues. Yet polls consistently give him an edge on the economy, which remains a top priority among voters.

Why it matters: If Trump wins re-election, it will largely be because Americans see him as the force rallying a still-strong U.S. economy, a narrative girded by skyrocketing stock prices and consistently climbing U.S. home values — but the man behind booming U.S. asset prices is really Federal Reserve chair Jerome Powell.