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The Platform Rug-Pull: Six Companies Bill Creatives for Their Own AI Replacement

ended 18. May 2026

Creative platforms used to make their money when a buyer hired a seller. That was the deal. What the latest filings show is a different business model: buyers are leaving, but profits are rising, because the fastest-growing revenue line is now fees, subscriptions, and AI tools sold to the sellers themselves. The sellers who stay are paying more to reach fewer buyers. And their work is being used to train the AI that replaces them.

The Revenue Flip: Where Platform Profits Actually Come From

Platform
 
Period
 
Marketplace Revenue (buyer-seller transactions)
 
Services Revenue (sold to sellers)
 
Active Buyers
 
Active Sellers
 
Source
 
Fiverr
 
FY 2025
 
$297.5m (▼ 1.8%)
 
$133.4m (▲ 50.9%)
 
3.1m (▼ 13.6% YoY)
 

 
Fiverr FY2025 Results
 
Fiverr
 
Q1 2026
 
$67.1m (▼ 13.6%)
 
$38.4m (▲ 30%)
 
2.9m (▼ 17.8% YoY)
 

 
Fiverr Q1 2026 Results
 
Etsy
 
Q3 2025
 
$468m (▼ 1.7%)
 
$210m (▲ 12.7%)
 
86.6m (▼ 5% YoY)
 
5.5m (▼ 10.9% YoY)
 
Etsy Q3 2025 Results
 

The Extraction Playbook: Platform by Platform

Platform
 
What they did
 
Evidence
 
Canva
 
Banned contributors from submitting AI work. Sells AI-generated images as a Pro feature on the same site.
 
Contributor Agreement · AI Product Terms
 
Adobe
 
Trained Firefly on contributor library. No opt-out. Bonus payments as low as $4.88. Dropped payout threshold to $1 because cheques couldn't clear the $25 floor.
 
Firefly FAQ · Adobe Community
 
Udemy
 
40% revenue share cut over 3 years. Auto-enrolled instructors in AI training with a 3-week opt-out. Opting out may reduce visibility.
 
Terms update · 404 Media
 
Fiverr
 
20% commission on everything including tips. Effective tax 35-40%. Fiverr Go: $25/month to train AI on your work so clients can skip hiring you.
 
Payment Terms · Fee breakdown
 

We'd like your views:

  • When a platform's fastest-growing revenue line is fees charged to sellers, not transactions between buyers and sellers, is it still a marketplace?
  • What happens to the money earned but is below the platform payment threshold?
  • Udemy offered a 3-week opt-out window then greyed out the toggle. If the only way to protect your work is to catch a deadline you weren't expecting, is that consent?

3 responses from the Newspage community

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The advice going round is "leave." It's half right and completely impractical for anyone who doesn't already have an audience. The smarter move is uglier and slower: "Use these platforms' reach to build something it can't touch, while you can still afford to be on it."

A platform puts sellers in front of buyers they'd never reach on their own. It's worth the 20%, for now. Every client acquired through these platforms should become a relationship the platform can't touch. T&Cs mean you can only be 'found,' not ask. Set up a website with the same branding. A mailing list. A LinkedIn presence. Direct invoicing. The platform is the intro, but aim for everything else happening off it.

The Freelancer Compass 2026 reports 56% of creatives get work through personal networks, up from 30% a year ago. The shift is happening. If using human work matters to you as a buyer? If paying higher fees to the platform than the person doing the work angers you? Search for them online and go direct.
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Demand for AI-exposed freelance work plunged by 21% within months of ChatGPT’s release, according to Imperial College Business School, yet some platforms are now making growing amounts of money from the very creatives losing work. It feels disturbingly similar to the old MLM model, where people were promised financial freedom selling products, only to discover the real business was selling hope, training schemes and “success tools” back to the sellers themselves. When I was younger, I briefly joined one of those companies and quickly realised the pressure was not just to sell products, but to keep buying courses, materials and upgrades framed as essential if you ever wanted to succeed. Looking back, the people earning the least often spent the most trying to stay visible and competitive. It's why so many freelancers now fear they are no longer the talent these platforms exist to support, but rather the unwitting product the platforms profit from, regardless of whether they succeed.
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The filings expose a disclosure gap the current rules were never built to catch. Platforms are now selling AI products trained, at least in part, on work submitted by the same contributors whose labour those systems may reduce demand for. The training input, the commercial output and the affected worker now sit inside the same revenue model while remaining outside any meaningful disclosure standard. Consent is doing very little work here. Short opt-out windows, auto-enrolment into AI training, visibility penalties for opting out and contributor libraries used to train models are not transparent participation mechanisms. They are compliance artefacts. The real risk is provenance failure. Buyers cannot clearly tell whether they are purchasing human work, AI output or a hybrid trained on contributor material