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How many of those are engaged subscribers? If you subscribe in January, but haven't opened an email since March, you are still counted in subscriber rolls. But you are unlikely to be monetizable.

Anyone can get that many subscribers by spending a fraction of 500mm USD on ads.

Even if you did get "subscribers", monetizing subscribers is hard. Currently Axios generates $100M in revenue a year.

> 2.4 million subscribers according to a Google search

Which is on par with a moderately successful YouTube channel - which likely has far more reach than Axios.