Facebook in talks to acquire Medium

SAN FRANCISCO (Reuters) — According to multiple sources with knowledge of the situation, Facebook Inc is in talks to acquire Medium, an online publishing platform, as the giants of social media continue to ramp up their stakes in the fast-growing creator economy.

Medium was founded in 2012. The platform hosts a collection of blogs and stories by amateur and professional writers and publications. Medium’s paid membership is $5 per month and gives readers unlimited access to all stories on the platform. Medium’s Partner Program allows writers to be paid monthly based on…