Member-only story
The Hard Truth About Medium’s Funding Struggles (From the CEO)
Is the love affair with Medium over?
Do you know many Medium writers once thrived on a platform called NewsBreak? Then a major algorithm change flipped everything — earnings plummeted to mere cents.
Many who quit their day jobs to write there found themselves without a livelihood.
Others like me shifted their focus to Medium and Substack.
I’ve built a small but steady subscriber base on Substack. Recently, I noticed many writers leaping there. Can you blame them considering:
My last long-form earned $1.
I just read TzeLin Sam’s post where the CEO has commented on Shanti C K’s post making it clear that it’s time to face the harsh reality — aka no funding.
I encourage you to read both posts and let me know your thoughts.
🎈We’ll soon see who values writing over earnings and who will downgrade their FoM membership.
Tips on how to get started on Substack👇