Meta to shutdown its Substack competitor in early 2023

Source: Meta

Meta tried to go after Substack with its newsletter platform Bulletin. However, the company doesn't see a future for it, with plans to shut it down by "early 2023. Bulletin was announced back in June 2021, pitching it as a platform "focused on empowering independent writers, helping them reach new audiences and power their businesses." The idea was similar to Substack, where readers could subscribe to newsletters from the writers they liked, and the writers could charge money for their work and other perks.

Some writers Meta added to the service include Malcolm Gladwell and Tan France. The company promised it wouldn't take a cut from the subscriptions until 2023. Unfortunately, the service hasn't taken off as well as Meta liked. And now Bulletin joins some of the company's projects being shut down.

Source