Substack Now Has One Million Paid Subscribers and Zero Profits

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Some say it's a passing fad, some say it's a refuge for the canceled, some say it's the future of media that will save an industry disrupted by the likes of Facebook.

Substack doesn't care what they say, because it has a million paying subscribers. The à la carte journalism and writing platform announced the milestone on Monday but, for all its high-profile writers raking in millions, it still needs to figure out how to turn a profit.

Source Fool.com