Monthly Digital Subscriptions Boost Scribd to 80 Million Monthly Readers
Just a year into its shift to a subscription-based, online library, Scribd is already seeing big benefits including 80 million monthly readers from over 100 countries. Starting out in the free, digital document-sharing business, Scribd switched things up last fall, banking instead on a subscription-based, online library reminiscent of Netflix. At a cost of $8.99 per month, its readership translates into $719.2 million in revenue – a big payoff for Scribd, named one of Fast
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