“They’re shooting themselves in the foot,” Mir says. “The content of the users is what makes the platform worth visiting. These hosts kind of run into this confusion that their hosting is the reason people are going there, but it’s really for the other users on the medium.”
Well, two things about that. In their interviews, Huffman says this decision making is based on Elon Musk at Twitter. I think this implies that Huffman is not basing this on numbers but on ideology and an example set by Musk. It’s simply “If I’m a rich tech bro and a richer tech bro does x, I can become a richer tech bro by copying them!”
Secondly, they can crunch the numbers, it doesn’t mean they are right, or that they are not subject to change in unexpected ways. Digg V4 was also a calculated decision, but they greviously miscalculated.