In my story "Is Medium a Malignant Narcissist" I wrote of the math: "I commented in
Kiran Yasmin
’s story:
The threshold question any writer who comes here in the hopes of making or supplementing their living from the MPP should be asking is what % of the subscription fees is the formula designed to payout? I figure Medium takes in between $5M and $7M a month in fees. For sake of argument, if the 6% average $500 a month, that’s $900,000. If the other 28,500 writers average $10 a month, that’s a shade over $1.2M a month paid out. I’m sure there are a lot of techsperts in here who can estimate Medium’s fixed-costs for engineers and server farm space and then we might have some idea where the money is going."