Medium says it can’t make money selling ads so it’s laying off a third of its staff – Recode


My Thoughts: I met Ev once when I stopped by Twitter’s offices in the early days. Seemed like a pretty nice guy. Smart too … but he really doesn’t seem to get the “business” part of building a business.

Basically he’s really good at building free platforms that offer a service people like to use, scaling them, and not figuring out any way to actually make money with them.

Medium is laying off 50 people and changing its business model.

Source: Medium says it can’t make money selling ads so it’s laying off a third of its staff – Recode

You should totally share this.

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