this post was submitted on 13 Jun 2023
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The Verge: Reddit CEO tells employees that subreddit blackout ‘will pass’
That's an absolutely tone deaf response from spez. The talking points are exactly what I expected and I'm not surprised, but man, whoever's running PR at Reddit is really dropping the ball.
If they do IPO, anyone who buys into it wholeheartedly deserves the deep losses the company will incur long term - it seems no-one on Reddit's leadership team, or anyone egging the company to float, understands what makes their own product tick.
Which is good news for us because even if this does blow over they will fuck up again and every time it happens we'll profit from it in new users. Spez's problem isn't that his dream is unattainable, his problem is that the person having that dream is him.
I'm pretty sure his dream is just to make increasingly absurd amounts of money, every year more than the last: Line Go Up, forever. That dream is attainable in the short term, but utterly unattainable in the long term on a planet with finite resources.
He's just in it for the $$$, regardless of how, not for any of the things that're good about reddit. Someone who cared about reddit for any other reason wouldn't do this to it.