CANADALAND cover image

CANADALAND

Substack's Founder on News, Money, and Musk

Nov 18, 2024
Chris Best, Co-founder and CEO of Substack, and Jen Gerson, a prominent Canadian journalist, delve into the transformative impact of Substack on the media landscape. They discuss the freedom it offers journalists, allowing for profitable self-publishing. The duo also tackles hot-button issues like Substack's controversial content moderation and the platform's rivalry with Twitter. Personal stories highlight the shift from traditional media roles, emphasizing the need for audience connection and preserving journalistic values in this evolving environment.
40:49

Podcast summary created with Snipd AI

Quick takeaways

  • Substack has revolutionized journalism by enabling writers to monetize their work independently, fostering a diverse range of voices and new revenue models.
  • The platform faces significant challenges regarding content moderation, balancing the ideals of free speech against the spread of extremist ideologies.

Deep dives

Elon Musk's Reaction to Substack

Elon Musk's dissatisfaction with Substack stems from his perception of it as a direct competitor to X, prompting him to ban any mention of the platform on Twitter. This reaction led to users creatively circumventing the ban by modifying the spelling of Substack in discussions. The incident has created a unique underground culture surrounding Substack, where users refer to it anecdotally as something 'badass'. This hostility showcases the intense rivalry between emerging platforms and established social media giants.

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