Twitter Is Taking a Shot at Substack
Paid newsletter start-up Substack has been exploding in popularity over the past couple of years. The company is trying to upend the predominantly ad-supported media ecosystem while proving that quality content and independent journalism are worth paying for. The demonstrable demand for paid newsletters is attracting attention from larger tech companies, particularly within social media.
Twitter (NYSE: TWTR) is now taking a direct shot at Substack by acquiring competing paid newsletter platform Revue.
Image source: Twitter. Image copyright Atsushi Nakamichi for Twitter, Inc.
Source Fool.com
