Substack shares its financials as required by crowdfunding rules: $11.9M in 2021 gross revenue vs. $2.4M in 2020 and a $22.9M net loss in 2021 vs. $2.3M in 2020 (Dan Primack/Axios) 07-04-2023

Dan Primack / Axios:
Substack shares its financials as required by crowdfunding rules: $11.9M in 2021 gross revenue vs. $2.4M in 2020 and a $22.9M net loss in 2021 vs. $2.3M in 2020 — When newsletter platform Substack last month launched a crowdfunding campaign, its writers and fans responded with more than $7.5 million …