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Major Changes at Medium - Eliminating 50 jobs, Shutting Down Offices

blog.medium.com | Jan. 4, 2017 | 7 min read

Its not a 3min read, to begin with. Medium kind of accepts that it tried to grew too fast without understanding full business model and which game exactly they are playing. Its an account from Ev Williams, their co-founder.

29 votes   Flag
Tom Zsomborgi

It seems that 2017 will be an interesting year for them. Monetizing a site like this with so many authors and topic is definitely not an easy task.

Vladimir Prelovac

What do you think about steem.io model?

Tom Zsomborgi

Actually I like it, very innovative solution they have. The good question is how much money can you make by posting original and high-quality content on the platform instead of growing your own site/blog audinence.
There are many interesting comments at the end of the post, one that draw my attention is that companies/platforms (Medium,Vine) that have a connection with Twitter all struggling with monetization.