Get the latest tech news
Medium’s CEO explains what it took to stop losing $2.6M monthly
Medium CEO Tony Stubblebine announced on Friday that the publishing platform has remained profitable since August of last year, when it first achieved
Medium CEO Tony Stubblebine announced on Friday that the publishing platform has remained profitable since August of last year, when it first achieved this milestone. In a post, Stubblebine detailed what it took to achieve this goal, which involved a combination of product changes, an investor restructuring, renegotiated loans, unloading office space, layoffs, and other difficult cost-cutting measures. On the product front, Medium introduced a way to add human expertise to recommendations with Boost, changed its Partner Program incentives to reward thoughtful writing, and added a Featuring tool that allowed publications to curate and promote other stories of interest.
Or read this on TechCrunch
