2min chapter

How I Built This with Guy Raz cover image

WordPress & Automattic: Matt Mullenweg

How I Built This with Guy Raz

CHAPTER

The Business Model Was Free to Use, Right?

The business model was still mainly free to use, is fair to say. The financial crisis actually crashed the advertising market. A quarter or a third of our usage at the time was in china. They would be blocked word press dot come because it was a free place for people publish. And bloggers in china were publishing things that the c c p didn't like. That, combined with the advertising model going out, was a big hit to the business. But luckily, we had this money in the bank, so we're able to dip into the buffer,. It saw us through to the point when the economy and our business started to recover.

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