Popular blogging site Medium has abandoned its newly-launched ad-funded business model.
Medium CEO Ev Williams did not offer an alternative funding model, but stated the need for a new, innovative model to reward good content.
“We believe people who write and share ideas should be rewarded on their ability to enlighten and inform, not simply their ability to attract a few seconds of attention” Mr Williams said.
The company also cut 50 jobs – almost one third of its workforce – in a move to restructure its business model to “more directly drive the mission we set out on original.”.
This decision reflects moves by other publications’ attempts to best monetise content. Last year, Fairfax was the first major company in Australia to implement pay-per-article digital subscriptions.
Whatsapp flaw leaves users vulnerable
A security flaw within messaging app Whatsapp has allowed all encrypted messages to be intercepted and read, compromising the privacy of more than one billion users.
The Facebook owned app claimed that end-to-end encryption ensured private messaging between users that not even staff could overcome, but The Guardian reports that new research proves this to be untrue.
Concerns have been raised by privacy advocates who argue that these changes may impact freedom of speech.
For more news from NewsMediaWorks, click here.