"In 2022, Medium was losing $2.6M each month. We were also losing subscribers so you couldn’t even look at that spend as an investment in growth," writes the company's CEO, @coachtony, in a new post on the site. "Internally, we were kind of ashamed of the stories we were paying and promoting as winners on the platform. Our subscribers were less kind — calling out that we were swamped with get-rich-quick trash (and worse)." Here's his honest, detailed explanation of how the company fell in a hole, and got out. (Medium has been profitable since August 2024.)

"I’m not sure if a company is allowed to be this blunt about how bad things were. But it’s very much of the Medium ethos that if something interesting happened to you, then you should write it up and share it," he says.

https://flip.it/BTv6a6

#Media #Journalism #Medium #Writing #Business #Startups #Content

Remember how there were several assassination attempts on Trump and then we never heard anything about those people again, gone from the news in a day?

Weird because I can still name the people that attempted to assassinate Presidents decades ago.