In August 2023, Medium reported its first profitable month, crediting the achievement to increased memberships and a focus on delivering valued content to subscribers.
CEO Tony Stubblebine emphasized that Medium's success comes from not only better engineering and cost-cutting but also from paying writers more while boosting the quality of content.
Through its Boost initiative and stricter moderation policies, Medium aims to enhance content quality, curating stories, and removing spam, ultimately increasing member satisfaction.
Medium has taken a firm stance against generative AI, blocking AI crawlers and seeking collaboration with other platforms to navigate future fair use challenges in technology.
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