Pictured: a business I suspect is collapsing. | Image: Substack
Is there a funnier phrase in the English language than “negative revenue”?
Look, I felt pretty confident Substack was doing badly when it failed to raise from VC and went to retail investors. (Hot tip: the phrase “financial inclusion” indicates that the speaker thinks you are a sucker.) And there were other signs: the uptick last year of newsletter cross-promotions and then-spokesperson Lulu Cheng Meservey’s desperate hollering for attention. (I will assume Read Entire Article
