this post was submitted on 20 Apr 2024
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Twitter alternative Post News is shutting down (www.theverge.com)
submitted 7 months ago by breakfastmtn@lemmy.ca to c/technology@lemmy.world
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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.

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[–] LunarLoony@lemmy.sdf.org 1 points 7 months ago

According to this (rather lengthy) page, Cohost's financial situation isn't the best and was always on pretty shaky ground - https://d-shoot.net/cohostfinance.html