[gregdoesit]

Are we ignoring how one of Substack's major competitors, Ghost is doing just fine? Bootstrapped, on a $6M run rate, their growth speeding the past years and openly sharing their revenue details [1].

What would happen if Substack went out of business? Newsletters can (and would) migrate to Ghost or other alternatives that are also thriving.

[1] https://ghost.org/open/

[rpgbr]

Except Ghost isn't free, and I doubt most of Substack newsletters (I mean those from amateurs writers, not the pros that make a living off them) would be willing to pay. That's where the destructions will happen.