Who owns Substack?

Source: The Long Memo (TLM)

By W. A. FinneganFebruary 3, 2025

The only platform not owned by billionaires? Really? You sure about that?

Facebook, TikTok, Twitter (back before it became the gathering ground for the Hitler Youth brigade), Instagram, and others, there was a time when they weren’t owned by “billionaires,” either. There was a time when Amazon, for example, was owned by this clown:

The Tipping Point: Growth at All Costs

The moment a social media platform reaches mainstream adoption, the stakes shift. No longer just a cool tool for early adopters, the platform has become a full-fledged business. Investors start demanding returns. Advertisers see a goldmine of attention. And the pressure builds—not just to grow, but to dominate.

What was once a company built on innovation suddenly pivots to a strategy of growth at all costs:

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