@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.