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This has happened. F1000 is an example.

A big issue is funding bodies/grant reviewers are mostly old guard who are happy with the status quo. Recently, a big journal was changing in a way that upset a large swath of such people. Unfortunately i can't remember what journal. But it was obvious they benefited substantially as they're more established.



eLife is most likely what you’re thinking of:

https://www.the-scientist.com/news-opinion/q-a-why-elife-is-...


Thank you for the correction. Yep it's eLife




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