Hubris hubris hubris. They bought into something they fundamentally didn’t understand (not implying I do, it just seems they didn’t). Podcasts are radio for

Hubris hubris hubris. They bought into something they fundamentally didn’t understand (not implying I do, it just seems they didn’t). Podcasts are radio for the modern era, and radio has never been a hugely profitable business. When it is, it makes money on ads, full stop. Subs don’t make up for ad revenue. They made some shows exclusive in a medium overflowing with content, so people like me said “huh this is exclusive to a service I’m not paying for, I guess I’ll just listen to one of the million shows in my queue instead.” Good for Gimlet for getting while the getting was good.