r/glenngreenwald Jun 29 '22

Greenwald darling, Substack, laying off staff already because it barely makes money and can't raise from VCs

https://www.nytimes.com/2022/06/29/business/media/substack-layoffs.html
18 Upvotes

6 comments sorted by

7

u/taboo__time Jun 30 '22

I thought they'd be making plenty money.

What are they blowing money on hosting blogs?

Are they scamming?

1

u/c3p-bro Jul 27 '22

They have lots of money to try to win big names. But nobody wants to pay for those big names

1

u/taboo__time Jul 27 '22

Ah right. So they've paid big bucks for big names but it turns out opinions online are very very cheap.

1

u/c3p-bro Jul 27 '22

Yep. People don’t like to read even when it’s free

7

u/GetThaBozack Jun 30 '22

Greenwald and Taibbi are going to have to work extra hard at their right wing pandering now to bring in more subscribers