Patreon folds! Says CEO: "We messed up. We’re sorry, and we’re not rolling out the fees change."

The CEO posted a blog post on the company web site announcing the cancellation of the horribly misguided policy that horribly slammed $1 and $2 pledgers, eating up a $1 pledge with a third being gobbled up in service fees that go straight to Patreon.

I know LOTS of $1 donors have cancelled, it'll be interesting to see how many users they've lost, how long they stay away, and how many creatives move to other platforms.

CEO interview with The Verge: https://www.theverge.com/2017/12/13/16772556/patreon-drops-service-fee-plan-apology-update