So the AMA ended up being 20k almost exclusively negative comments and 14 non answers that just pissed people off more.
Dave Chappelle has some salient advice for next time:
I don't think a 2 day Reddit blackout is going to do anything. Guessing they'll just wait it out and do nothing.
If it was set up as "until things change” it'd be a lot more interesting. Mostly because I think Reddit would panic at some point and do something really stupid, which would be fun to watch.
@film_girl i stopped using Reddit after a hoax that someone perpetrated indicating that they had terminal cancer. I gave up on the entire site at that point.
I often wonder how many people swore off Reddit and ended up going elsewhere to find their communities.
@paul Right? If you're not gonna make a genuine effort to engage, why the fuck bother?
I saw one comment calling out Spez for his complete lack of preparation for this event and it was 100% on point. He should have had at least a dozen or so answers to anticipated questions ready to go, but he was unable to meet even that low bar. How he expects to successfully see the company through an IPO is a mystery to me.
@paul As I said in my reporting on this, the questions were going to be cherry picked, approved by legal, and have a spin that favours only Reddit’s side.
It ended up being much more embarrassing than that.
@derekbeachy @paul I think it's really cool and fun that the social networks that I use(d) are being burned down for the insurance in sequence.
Gonna go see if I can find the URL for Fark, if that's still around. Maybe I still have mod points on Slashdot?
@Sonikku congrats on somehow having a worse take than spez
Do you know how any of this works, or?
@jason you know what, fair enough. I get that Reddit as a company can be in the hole monetarily; at the same time I have very little sympathy for Spez and board members who are all sitting on 6 or 7 figure bank accounts, especially throwing third party devs under the bus like this.
Also, cool last name 👍
@Sonikku lol I hadn’t even noticed! A lifetime of saying “ess eee en”
I thought you were generally hating on devs there, who are having to weather all of this and, yes, probably have nice things.
Startups run at a loss for a while before getting cash flow positive (or EDITBA or whatever measure you want), and often founders go without for a bit to hang on to equity instead.
The toxic ingredient is the VC who is funding something they KNOW is unprofitable suddenly demanding blood…
@jason yeah same problem my whole life, everyone wants to spell “son” haha.
And nah not hating on devs at all, just the Spez and collaborators on the board :-P
@Sonikku but not turning a profit doesn’t mean the devs don’t get reasonable salaries for their sector… it just means they’re burning money faster.
Reddit is an extremely strange beast to (a) not have already IPO’d, (b) not have sold to equity, and (c) not be self-sustaining after nearly two decades (?!?)
I don’t know what they think they’re doing but it doesn’t seem to be going well.