Riskgaming
Pivoting to the Expert Economy
Jul 17, 2024
Explore Medium's journey towards financial stability and a balanced business model under new leadership. Discover the challenges of transitioning to a subscription-based media model and the shift to the expert economy. Dive into the evolving dynamics of writer-driven platforms and the impact of algorithms on content curation on Medium.
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Quick takeaways
- Medium shifted to a subscription-based model under CEO Tony Stubblebein for a balanced business and media model.
- Medium prioritized expert-driven content to attract more subscriptions and improve content quality.
Deep dives
Medium's Business Model Pivot
After years of pivoting its business model, Medium shifted from an ad-driven to a subscription-based model under CEO Tony Stubblebein. This change aimed to build a balanced business and media model for the future. By focusing on profitability and growing subscription numbers, Medium achieved its first cash flow positive month recently, marking a significant turnaround.
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