I think that's the point. There weren't lots of users reading 100 books or more. There were a small amount of users reading at those quantities which caused the catalogs to be limited for everyone. What I find more interesting is that 8% of their users will be affected. That sounds higher than I expected.
I would be ok with tiered prices. The content that I read in January would have cost me $65 to purchase so I am getting value out of my subscription.
The Fast Company article says their subscriber base is growing and profitable.
Quote:
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In the past year, it's grown subscribers by over 40% to 700,000 (still well behind Kindle Unlimited's estimated 2.5 million-plus) and has started making a steady monthly profit.
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In May 2017 they were reporting 500,000 subscribers and $50M revenue run rate in an article by Nieman Lab.
http://www.niemanlab.org/2017/05/scr...-and-now-news/
The verdict is still out on whether a book subscription service can survive in the long term, but I don't mind that the company makes periodic changes in the pursuit to be sustainable. I want them to survive.