That’s really all on Steve Huffman. He had years to prepare Reddit for profitability and an IPO. He was caught swimming naked when the proverbial music stopped, and he went for the low-hanging fruit (killing the costly API) with nothing but scorn for the dissenting voices.
The board should have fired him after the stealth edits debacle. This guy has no business being a CEO.
I really just do not get why he thinks Elon Musk has it right idea, only isn’t going far enough. And it’s the board has just decided in for a penny, in for a pound and are determined to stick with him even if Reddit burns to the ground. I wonder what metrics they’re seeing that we aren’t, besides dollar signs.
I met a traveller from an antique land,
Who said—“Two vast and trunkless legs of stone
Stand in the desert. . . . Near them, on the sand,
Half sunk a shattered visage lies, whose frown,
And wrinkled lip, and sneer of cold command,
Tell that its sculptor well those passions read
Which yet survive, stamped on these lifeless things,
The hand that mocked them, and the heart that fed;
And on the pedestal, these words appear:
My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
Nothing beside remains. Round the decay
Of that colossal Wreck, boundless and bare
The lone and level sands stretch far away.”
And the beautiful irony is that in their mission to secure an increased IPO valuation they merely reduced it substantially. Gonna need some more popcorn as we watch them burn it to the ground
This is hilarious. Reddit resorting to bots…like a new twitch streamer trying to con their way to partner. What a sad, sad outcome for what was once a great website.
Between Reddit and Twitter I hope big tech begins to take notice and realize they don’t control as much as they think they do. They’re much easier to replace than they think, and ultimately they’re just ad companies.
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