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This isn't likely to kill WordPress. Maybe WordPress.com, but not everybody wants a hosted, limited control site - some want to host it themselves. That's WordPress's strength (maybe the only one) and why places like Tumblr still haven't overtaken it.

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From Automattic's perspective, WordPress's strength is that the people who don't want hosted, limited control sites write amazing plugins and themes that the people that do want hosted, limited control site also want.

In short, the OSS ecosystem around WordPress drives Automattic's revenue from WordPress.com

I don't deny that WordPress has a lot going for it, but Automattic's reported $45 million in annual revenue doesn't put it too far ahead of Squarespace.

WordPress's annual revenue is 400% Squarespace's last reported revenue.

Squarespace's last reported revenue was 2010. WordPress's $45 million is projected this year - a two year discrepancy.

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