In 2016, 7.5 million posts were published on the platform, and 60 million readers used medium.com. In 2016, A Medium Corporation acquired the rich media embedding platform Embedly, a provider of content integration services for numerous websites, including Medium itself. As of 2019, Medium is not profitable.
Additionally, how much money does a medium make?
About 6.4% of writers on Medium earn over $100 per month. That is a small percentage and those are full-time writers. They get featured on the homepage. Those Medium members boast high-quality content and their hard work has paid off with curation.
Considering this, do medium publications make money?
Medium writers make money when Medium members “clap” for their stories. The more claps they get, the more money they make. The money they earn comes directly from the monthly subscription fee of the people who clap for their stories.