Reddit CEO Steve Huffman on blackout: It's expensive to run a company.
Reddit CEO Steve Huffman on blackout: It's expensive to run a company.
"It's time we grow up," says former moderator of jailbait subreddit.
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Yes, it is. So charge a reasonable API price and this whole argument is over.
But that won't happen. This is about monetizing Reddit's content ASAP before Spez resigns ASAP with a nice big, bonus for pushing through those beautiful API changes oh so smoothly.
The more Spez speaks, the less sad I am about Reddit dying. Platforms come and go. There's loads of Internet corners to discuss my hobbies. I don't want to stay on a sinking ship with a hole shot out by the captain because he has ship insurance, actively throwing people off board as him and his crew climb up the still buoyant part whilst insisting THIS WILL BLOW OVER. I'm not going down with the Titanic of community boards as it sinks. It'll die in infamy and I don't feel like drowning alongside it.
However, I will now thoroughly enjoy watching Spez naively, single-handedly dismantle Reddit's legacy for short term gain whilst thinking he's being a super duper smart businessman we couldn't possibly understand. Or possibly being a forced fallguy for share holder decisions which he has a choice in avoiding by quitting.
I've never in all my years of Internet browsing seen someone running an Internet-based company so blatantly indifferent to the customers they serve. There's no Reddit revenue without Redditors.
I wish him luck on his inevitably piss-poor IPO when Reddit offers little content of value and more people get more angry at him as more ridiculous reasoning flies out of his mouth. Reddit's gonna look like MSN News by the end of this mess.
I mean there are a lot of parallels with Elon and Twitter.
The thing that amazes me about the Reddit tanking - is how sudden it was. For anyone who was paying more attention than I was at the start - how long were there smoke signals for?
I swear it was like 2 Apollo posts within 48hrs straight into blackout shitstorm within the week.
Elon at least hummed and Harred about it for a good while before destroying Twitter week after week and that was fast.
Spez seems to be speed running it.
My theory is the stockholders definitely have an IPO planned very, very, very soon and are applying a lot of pressure on Spez to prep Reddit ahead of it. I don't trust him for a second when he says an IPO isn't happening for a long time. It's the only logical explanation I can think of for Reddit's rapidly reckless decisions.