Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: Scroll

Twitter on Tuesday announced it's acquiring Scroll, the venture-backed news upstart from former Chartbeat CEO Tony Haile.

Why it matters: It's Twitter's second acquisition this year that's meant to help people read more long-form on the platform. In January, Twitter bought the newsletter publishing platform Revue.

Catch up quick: Scroll launched last year to help publishers make more money while also giving users who hate ads a better internet experience.

  • Users to pay a monthly fee for access to websites they already use but are scrubbed of all ads. With that user revenue, Scroll sends its partner-publishers more money per user than they would make per user while serving them ads.
  • Haile said in a statement that while Scroll's business model is working well, the company needs to move faster to innovate, hence the deal.

Details: In the short-term, Scroll will temporarily pause new customer sign-ups so that it can integrate its product into Twitter. The service will go into private beta while it integrates into Twitter's subscription offerings later this year.

  • In the long-term, Twitter says Scroll will become a meaningful addition to its subscriptions products. Twitter users that subscribe to Scroll will be able to read articles ad-free from hundreds publishers that work with Scroll, including The Atlantic, The Verge, USA Today, The Sacramento Bee and more.
  • Scroll will wind down Nuzzel, the news intelligence product it acquired in 2019, but in the future, elements of Nuzzel will be embedded directly into Twitter.
  • Financial deal terms were not announced, but presumably the deal is relatively small. Twitter will bring on the entire Scroll team, which is just 13 people.

The big picture: The deal speaks to Twitter's new focus on long-term content efforts, and its commitment to helping publishers succeed. Unlike some of its tech rivals, Twitter almost never gets into public spats with media companies over distribution terms.

  • "Analysts joke that Twitter suffers in comparison to other platforms because the value realized by third parties from Twitter is far greater than the value it is able to capture for itself," Haile said in a statement. "They see this as a weakness. It is a strength."

Go deeper

Miriam Kramer, author of Space
2 hours ago - Science

China makes history with successful Mars landing

A model of the Tianwen-1 Mars rover is displayed during an exhibition at the National Museum of China in Beijing. Photo: Wang Zhao/AFP via Getty Images

A Chinese lander carrying a rover successfully touched down on Mars for the first time, state media reports.

Why it matters: This is the first time China has landed a spacecraft on another planet, and it launches the nation into an elite club of only a few space agencies to successfully make it to the Martian surface.

3 hours ago - World

UN: 10,000 Palestinians displaced in Gaza as Israel-Hamas fighting escalates

A Palestinian woman walks after she collects her belongings inside her damaged house following an Israeli air in the northern Gaza Strip. Photo: Ahmed Zakot/SOPA Images/LightRocket via Getty Images)

The United Nations warned Friday that ongoing fighting between Israel and Hamas "has the potential to unleash an uncontainable security and humanitarian crisis," in not only the occupied Palestinian territories and Israel, but "the region as a whole."

The big picture: More than 125 Palestinians, including 31 children have been killed in Gaza since fighting began Monday, per the Palestinian Ministry of Health. Eight people, including two children, have been killed in Israel, Reuters reported, citing Israeli authorities.