Medium really doesn't need a large team. The whole product could have been produced and maintained even now by 4-5 devs. An operation like that could be donatio

Medium really doesn't need a large team. The whole product could have been produced and maintained even now by 4-5 devs. An operation like that could be donation based, for sure. Not every idea deserves to be or would even be useful as a billion dollar corporate monster. Many would be maximally useful as a small donation-based service, run by 2-5 devs. Were it not for VC funding and a crazy startup culture, ideas like this would never grow beyond a 5 person company, anyway. The decline in medium usage is just a market correction. It was never a profitable idea. Once it becomes profitable, people don't want it.