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Post News, a Twitter alternative that emerged in the wake of Elon Musk’s takeover, is shutting down. Noam Bardin, the platform’s founder and former CEO of Waze, writes that Post News “is not growing fast enough to become a real business or a significant platform.”
The Andreessen Horowitz-backed platform launched in a closed beta in November 2022, but now it’s set to shutter “within the next few weeks.” It serves as a social platform that also offers users ad-free access to paywalled content from publishers such as Fortune, Business Insider, Wired, The Boston Globe, and others. All users have to do is pay a “few cents” per article instead of signing up for a subscription to each publication.
After lifting its waitlist in early 2023, Bardin told TechCrunch that around 430,000 people signed up. The platform eventually rolled out a mobile app and later launched a real-time notification system, with plans for more features in the future. However, the cost of keeping the platform running seems to have outweighed user activity.
“We built a toxicity-free community, a platform where Publishers engage, and an app that validated many theories around Micropayments and consumers’ willingness to purchase individual articles,” Bardin writes. “A consumer business, at its core, needs to show rapid consumer adoption and we have not managed to find the right product combination to make it happen.”
www.theverge.com
The Andreessen Horowitz-backed platform launched in a closed beta in November 2022, but now it’s set to shutter “within the next few weeks.” It serves as a social platform that also offers users ad-free access to paywalled content from publishers such as Fortune, Business Insider, Wired, The Boston Globe, and others. All users have to do is pay a “few cents” per article instead of signing up for a subscription to each publication.
After lifting its waitlist in early 2023, Bardin told TechCrunch that around 430,000 people signed up. The platform eventually rolled out a mobile app and later launched a real-time notification system, with plans for more features in the future. However, the cost of keeping the platform running seems to have outweighed user activity.
“We built a toxicity-free community, a platform where Publishers engage, and an app that validated many theories around Micropayments and consumers’ willingness to purchase individual articles,” Bardin writes. “A consumer business, at its core, needs to show rapid consumer adoption and we have not managed to find the right product combination to make it happen.”
Twitter alternative Post News is shutting down
Mastodon and Bluesky are still standing.
www.theverge.com
