’s subscription renewal rate: Enough to be profitable and self-sustaining, too low to pay employees

appnet today revealed the results from its first major round of subscription renewals a few weeks ago, which coincide with a year after the original launch of the Twitter alternative. In short, while the company didn’t share the exact renewal rate, it did say will continue to coexist, but only with contractors improving the code. The renewal rate was high enough for to be “profitable and self-sustaining on a forward basis,” meaning the revenue covered operational and hosting costs. As such, there will be no changes to the API or the service: “ will continue to operate normally...

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