> Starting today, we’re making Revue’s Pro features free for all accounts and lowering the paid newsletter fee to 5%
...and there goes Substack's entire business.
Overall, this is great for writers however. The missing component to Substack was the discovery/social mechanism. From a strategic perspective, it's easier to bolt on newsletter sending than it is to build a new social network.
So this was always a huge risk for Substack as a platform. But hey, there's also an alternate universe where Twitter stays dumb and lazy and never crushes Substack. So I see why investors took the risk.
But I see no path forward for Substack if Twitter manages to not completely botch this.
...and there goes Substack's entire business.
Overall, this is great for writers however. The missing component to Substack was the discovery/social mechanism. From a strategic perspective, it's easier to bolt on newsletter sending than it is to build a new social network.
So this was always a huge risk for Substack as a platform. But hey, there's also an alternate universe where Twitter stays dumb and lazy and never crushes Substack. So I see why investors took the risk.
But I see no path forward for Substack if Twitter manages to not completely botch this.