this post was submitted on 22 Jul 2023
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Reddit Migration

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What is Reddit CEO Steve Huffman doing? (www.theverge.com)
submitted 1 year ago by [email protected] to c/[email protected]
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One of the weirder phenomena of the low interest rate era in tech was a tendency to see companies primarily as investments. The goal was not to have a functional business, but an exit, often via IPO or acquisition. I have begun to wonder if that explains what Reddit CEO Steve Huffman has been up to lately.

Umm...yeah.

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[–] [email protected] 15 points 1 year ago

Like how the article points out that "landed gentry" revolts against royalty tend to be more successful.