DHH explains the reasons “Signal v Noise exits Medium”:
Writing for us is not a business, in any direct sense of the word. We write because we have something to say, not to make money off page views, advertisements, or subscriptions. If some readers end up signing up for Basecamp, that’s great. But if they just like to read and not buy, that’s also great.
Beyond that, though, we’ve grown ever more aware of the problems with centralizing the internet. Traditional blogs might have swung out of favor, as we all discovered the benefits of social media and aggregating platforms, but we think they’re about to swing back in style, as we all discover the real costs and problems brought by such centralization.
When SvN moved to Medium, I was disappointed to see a small, independent company moves its blog to Medium. Glad to see it is moving back out. I have not read an article in Medium for years.