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Substack introduced the Substack Notes feature, allowing authors to post short text snippets, link sharing, and discussions akin to Twitter. The feature faced backlash when Twitter, led by Elon Musk, took aggressive actions against Substack, affecting writers. While Substack has historically been more of an enterprise software for paid emails, the addition of Substack Notes pits it against social networks like Twitter, raising concerns about content moderation and readiness for consumer-focused products.
Substack's evolution from an enterprise software company empowering writers with paid email newsletters to a consumer product company is a crucial shift. The company aims to revolutionize the internet's economic model by promoting direct subscriptions over ads, empowering writers to own their content and audience. While Substack has a clear vision, the introduction of Substack Notes adds a layer of content moderation challenges and shifts focus toward enhancing user experiences and readership growth on the platform.
As Twitter's throttling of Substack links and false safety warnings disrupted writers' reach, Substack navigated a challenging situation. Despite Twitter's attempts to curtail Substack's influence, Substack stood by its commitment to writers' freedom, emphasizing trust, audience ownership, and reliability. Substack's response highlights its focus on empowering writers and fostering a user-centered platform, urging for a peaceful resolution and reaffirming its dedication to supporting creators in an evolving digital landscape.
Substack is evolving into a subscription network where writers and readers directly engage, shaping their experiences. By allowing diverse and individualized rules and norms, Substack aims to create a dynamic and varied platform. The company foresees the app as an essential part of this vision, attracting readers to immerse themselves in this new economic engine for culture. Substack's approach prioritizes openness, enabling content to spread across platforms and maintaining trust through exit rights for writers.
Substack faces challenges in content moderation and financial transparency. The platform grapples with determining moderation standards that align with its values, focusing on community empowerment and freedom of speech while balancing potential harms. Financially, Substack's past strategies, such as upfront investments in writers, aimed to kickstart growth but currently face scrutiny for profitability. Concerns about future costs, regulatory compliance, and revenue generation highlight the complexity of sustaining Substack's growth and evolving platform dynamics.
It is fair to say that Substack has had a dramatic week and a half or so, and I talked to their CEO Chris Best about it. The company announced a new feature called Substack Notes, which looks quite a bit like Twitter — Substack authors can post short bits of text to share links and kick off discussions, and people can reply to them, like the posts, the whole thing. Like I said, Twitter.
Twitter, under the direction of Elon Musk, did not like the prospect of this competition, and for several days last week, Twitter was taking aggressive actions against Substack. At one point you couldn’t even like tweets with Substack links in them. At another point, clicking on a Substack link resulted in a warning message about the platform being unsafe. And finally, Twitter redirected all searches for the word Substack to “newsletter.” Musk claimed Substack was somehow downloading the Twitter database to bootstrap Substack Notes, which, well, I’m still not sure what that means, but I at least asked Chris what he thought that meant and whether he was doing it.
It’s tempting to think of Substack like a rival platform to Twitter, but until the arrival of Substack Notes, it was much more like enterprise software. With Substack Notes, the company is in direct competition with social networks like Twitter. It’s shipping a consumer product that’s designed to be used by Substack readers. It is no longer just a software vendor; it’s a consumer product company. And that carries with it another set of content moderation concerns, that, after talking to Chris, I’m just not sure Substack is ready for. Like, I really don’t know. You’ll just have to listen to his answers — or really, non-answers — for yourself.
This is a wild one. I’m still processing it. Let me know what you think. Okay, Chris Best, CEO of Substack. Here we go.
Transcript: https://www.theverge.com/e/23445916
Links:
Can Substack CEO Chris Best build a new model for journalism? - The Verge
Now live for all: Substack Notes
Welcome to the new Verge (re Quick Posts)
Can Mastodon seize the moment from Twitter? - The Verge
Twitter’s newsletter tool is shutting down in less than a month - The Verge
Elon Musk on Twitter: "@BretWeinstein 1. Substack links were never blocked..."
Can we regulate social media without breaking the First Amendment? - The Verge
How to buy a social network, with Tumblr CEO Matt Mullenweg - The Verge
Newsletter platform Substack raises $65 mln in Andreessen Horowitz-led funding round | Reuters
Substack Drops Fund-Raising Efforts as Market Sours - The New York Times
Substack Notes, Twitter Blocks Substack, Substack Versus Writers
How much money do we think Substack lost last year? - The Verge
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