Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Substack has added more than 1mn subscribers since Donald Trump\u2019s triumph in the US election last November, as the online platform benefits from the shift towards creator-led journalism.Substack, a platform for writers and other content creators, reached 5mn paid subscriptions in March, across publications and podcasts. The platform attracted an additional 1mn subscribers between November and March alone, helping it generate positive cash flow in the first quarter.Substack, which is backed by investors including Wall Street banker Omeed Malik and polling expert Nate Silver, offers journalists, politicians and commentators the opportunity to get paid directly by their audience via subscription fees. The platform has benefited from an influx of traditional media executives such as former CNN star Jim Acosta drawing in new audiences.Acosta and other journalists are cutting out traditional media channels and building large communities of followers, while new media groups such as Bari Weiss\u2019s Free Press have based their businesses on the platform.\u00a0The US Department of State, headed by Marco Rubio, joined Substack last month, joining other US politicians such as Pete Buttigieg. Brands and corporations are also using the platform to reach consumers\u201cThere has definitely been a big moment of interest around the election and then the first 100 days [of the Trump presidency]. There\u2019s been a spate of people in that universe coming,\u201d said Substack co-founder Chris Best. Journalists were leaving traditional outlets, he added, including \u201ca bunch of people who decanted from the Washington Post\u201d in protest at the policies of its owner Jeff Bezos. Washington Post commentator Jennifer Rubin and cartoonist Ann Telnaes resigned earlier this year and now write for their own Substacks.Substack receives takeover offers \u201cpretty frequently\u201d, Best said, confirming that Elon Musk tried to buy the platform after taking over Twitter. \u201cThat was one of several [but] we\u2019re focused on building a successful, independent company.\u201dBest said that YouTube represented the main competition for the platform given the shift in audiences to online creator-led journalism and shows \u2014 including podcasts \u2014 at the expense of legacy media channels.More than 50,000 publishers make money on Substack, with the top 10 collectively earning more than $40mn a year.\u00a0Substack takes a 10 per cent cut of revenues. Best declined to give any further financial details, saying only that Substack had been \u201cfocusing on growth, not profitability\u201d. Substack, a platform centred on written newsletters, is expanding its services to offer improved video creation, audio and editing. In April 2024, over half of the 250 highest-revenue creators were using audio and video. By February 2025, that number was four-fifths, reflecting a shift towards multimedia content.Substack last raised a full funding round in 2021 \u2014 backed by investors including venture capital firm Andreessen Horowitz \u2014 but took in a further $10mn in a \u2018friends and family\u2019 round late last year. Best declined to say whether the group was looking to raise more money.\u201cThe company is growing very efficiently. We also want the company to be independent, which to me means having a path that does not require outside capital to accomplish our goals, and we feel extremely comfortable that we\u2019re in that position.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Substack has added more than 1mn subscribers since Donald Trump\u2019s triumph in the US election last November, as the online platform benefits from the shift towards<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-306987","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/306987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=306987"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/306987\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=306987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=306987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=306987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}