Sub-Stack Subscriptions Are Money, Advertising Is Money

We're not encouraging people to have a hybrid model in general, even though that seems like it ought to be appealing. We think that focusing on the other thing actually maximizes the benefits of that thousand true fans logic. It's your editorial content. You're allowed to put what you want. But we don't build any ad technology. And this is an interesting point where we are very anti-add, but we're also very pro freedom basically.