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growth? How many $5 subscriptions are people going to pay for factless opinion pieces by self-proclaimed experts of everything like Glenn Greenwald
by pastor_bob 4y ago
growth? How many $5 subscriptions are people going to pay for factless opinion pieces by self-proclaimed experts of everything like Glenn Greenwald
- rchaud 4y agoPrecisely. They won't be able to build an independent business off $5 and $10/mo subscriptions per user. I worked at an energy trading desk some years ago, and market intelligence there came through hyper-focused industry newsletters, with crazy high subscription prices. It's like a Bloomberg terminal, or a Photoshop subscription: only worth subscribing if you are making several multiples of the cost back in profits. Substack's litany of 'investing' newsletters is basically a mommy blog version of that. Newsletters can't charge very much because we all know this stuff is available elsewhere, in higher quality. And non-financial newsletters probably can't charge at all, other than the small handful you see on their "Featured" page.