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I am sure they work because Substack's whole business model relies on it. More importantly, a lot of bloggers/writers have been moving to substack because of th

• alex_duf 4y ago
  >I am sure they work because Substack's whole business model relies on it. Is Substack profitable? Because it's easy to meddle hype/popularity with having a business model that makes sense. So I'm questioning how sure one can be about it just yet.
  • scottydelta 4y ago
    Here is a recent Techcrunch article that shows the current state of things: https://techcrunch.com/2022/05/26/report-substack-the-highly-hyped-newsletter-platform-has-ditched-plans-for-a-series-c/ https://techcrunch.com/2022/05/26/report-substack-the-highly... Here is an excerpt from the article: > Substack told Axios late last year that the top 10 writers on the platform collectively generate $20 million in annual revenue. According to the Times, Substack separately told investors that it saw revenue of just $9 million last year. (It told the Times directly in a story last month that it has hundreds of thousands of paid newsletters now on the platform.) That’s not a lot of revenue for a company boasting a $650 million valuation. It seems the newsletters seems to be working for the content creators, same cannot be said about Substack itself.