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Latest / The Newsletter Podcast with Fexingo: Substack, Beehiiv, and Email Newsletter Business

Why Newsletter Creators Are Killing Their Own Growth

Most newsletter creators treat their platform like a rented apartment, but the smartest ones are buying the house. In this episode, we examine how Substack and Beehiiv are shifting from content hosts to infrastructure providers, locking in readers through proprietary features like native payments and algorithmic discovery. We break down the specific trade-offs of data portability versus network effects, using concrete examples of creator migration costs and engagement metrics from September 2026. If you are building an audience today, understanding whether your growth is tied to your own…

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