Patrick HillsThe thing Reddit forgets is that it is powered by its users and volunteers. As a platform it is simply the glue binding multiple communities together, and that binding can be replaced. Shocking they chose to piss off their most valuable users.
Olemied@patrickhills My perspective, the “Innovate or Die” model was bought out years ago, and replaced with “40% YoY Growth or Die”. With so much consolidation, companies are either too bloated, or too risk averse to find growth through good ideas. Instead they are opting for the much easier strategy of extracting as much capital as possible from any users who have come to rely on their platform. This kind of environment is not a great incubator for creative solutions.
@Olemied completely agree. Huffman says Reddit isn’t profitable, but there are other ways to make some cash and become profitable and make a nice profit quarter over quarter… like… adding ads to the api and requiring a premium account to turn them off. Going public is just going to create pressure for unsustainable, alienating growth.