28 Comments
Feb 8·edited Feb 8Liked by Michael Spencer

I understand the negative take on subs, but how much of it is tied to pricing? I have a deal running that takes the cost of a yearly subscription to just below $20.

https://morgthorak.substack.com/subscribe?coupon=0a44d500

I see a lot of pubs charging way more, but how many subs can people afford?

I think people need to be realistic about how much they can charge, and perhaps Substack needs to begin a bundling system or some other adjustments to its business model.

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I kept reading and feeling worse and worse- annoyed almost at how negative your narrative was. I can't be annoyed though, as it's reality. It's important to talk about, I wish there was a stronger call to action or thing to do aside from lament but right now- this is what we have. We have these cathartic essays where we find other people feeling the same.

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Yikes. Gloomy picture. I do think because of AI, quality writing and clearly with human input will stand the test of time.

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Feb 8Liked by Michael Spencer

I can feel (and share) your pain in this one. Also, this line "A large percentage of my paid subscribers are now actually other writers." reminded me of Medium when I was still deep in the weeds. I do wonder where this all goes. Just like that sentence means far more than I could express with it.

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For a platform writer, Casey Newton's coverage of AI makes him an AI bro as well, which is pretty laughable. Not so many Platforms to write about I guess through the fog? His content appears to have pivoted to a large extent to AI topics in recent months.

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Do you think the lack of a separate "AI" category here is a reflection of the generally skeptical (and I'm being generous) attitude I'm sensing towards AI on Substack and elsewhere? Perhaps it's precisely because so many AI-focused newsletters have sprung up that Substack is reluctant to give them their own space?

(I'm not in any way justifying this. I'd also stand to benefit from a separate AI category. Just curious about your take, as you generally seem to be quite attuned to what's happening on Substack.)

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