Really the only potential issue with Substack is that through network effects it will muscle out other platforms for independent, self-sustaining online writing, then raise the prices it takes from writers who have nowhere else to turn.
https://twitter.com/KyleHusband/status/1343707864515297280
There's nothing actually special about what Substack does except the caliber of the people using it. Lots of other newsletter companies, lots of ways to collect money on the Internet.
Of course Substack is subsidizing the transition of people to their stable.
Of course Substack is subsidizing the transition of people to their stable.
It seems equivalent to how Spotify is trying to corner podcasting. It's worth watching. (also would be funny if the high-profile Substackers, given to oppose Big Tech platforms, find themselves on one)
prospect.org/power/spotify-…
prospect.org/power/spotify-…
What's funny is that the only thing about Substack worth reporting is the one that traditional media is too self-absorbed to write—the labor situation for the non-famous writers on the platform, and what could happen to them in the future.
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