Medium.com is still up and running so it hasn't failed exactly, but it's not the best platform to go to anymore when it comes to blogging.
The post quality has deteriorated, and it feels like I'm reading the same posts over and over again. Not to mention the stupid paywall which is infuriating.
Why did Medium end up like this? In the beginning it was pretty good but then it started to wither. Is there any way for a platform like Medium to keep up with high quality posts while also paying their writers well?
Substack has done a good job at competing in the blogging market but it's different from Medium. Medium is more of a social blogging platform while Substack is more of a newsletter platform. Substack doesn't have an algorithm that recommends you content, but instead shows you exactly who you follow. This is nice, but I can't deny that I also like finding new content through a recommendation engine, which Medium also sucks at.
It's sad and entirely our fault. We didn't fail but we did lose our way. Here's how I see it:
1. Lost our way on recommendations. When I showed up the company was convinced that engagement equals quality. That's not true and it gets even more pronounced if you pay people to game your recommendation system. I think we were boosting articles that made people think we were a site for clickbait. The canonical example for HN is "Why NodeJS is dead" by a new programmer with zero experience or context. Readers noticed this, but worse, so did authors. And so we lost the incentive for a lot of the best and most interesting authors to bother because they were getting swamped by content-mill type authors. As of December, about 30% of our recommendations are generated by a new system that is picking much higher quality articles that have been vetted for substance over clickbait. This is getting a lot better, rapidly.
2. Got lost thinking about the creator economy, when we should have kept thinking about doers. Distribution was our winning value proposition (on top of simple free tools). We were built to find and boost individual articles and that meant that anyone with something great to say had a chance to get their story boosted, often by a lot. This is my original background in publishing: working at O'Reilly helping them publish programming books that were written by programmers. For a lot of topics, personal experience trumps everything. Not to knock creators, but by definition full time content creation gets in the way of having personal experiences that are worth writing about. We are partly through fixing this and #1.
Those are the two most obvious ones. But then there's a longer list. We competed with our platform publishers by starting our own in house publications. Those are shut down now. We started but didn't finish a number of redesigns and so the tools didn't get better for a couple of years. We're past that now and are putting out table stakes features again and some innovations too.
What I told our investors was that there was a huge pile of shit to dig out of, but that it would be worthwhile eventually. And I still believe both that there is a lot more to do and also that it'll be worthwhile.