Are you sure about that? I think that Stubblebine knew exactly what he was doing, and I think that the platform may go on to become very profitable in the future. Stubblebine is just looking for the kind of writers that bring readers (not writers) to the platform. I think that is what it is. Of course, I could be wrong.
https://beautytravellife.substack.com/p/why-the-cutting-of-pay-for-medium