Every time you hear the Reddit CEO talking about how they need to become profitable, remember they raised $250m and then spent the last couple years building this: https://nft.reddit.com

#reddit #HuffmanOut

@robotdeathsquad True, but business dudes are gonna be like that. Just move on. Do you really need Reddit?
@glennsills @robotdeathsquad Communities shouldn’t be destroyed because some jackass made poor business decisions. It’s difficult to move on when no reasonable alternatives exist (and I mean from a community standpoint, not the software. I’m aware of Lemmy and Kbin).
@suicideasuicide @robotdeathsquad I understand what you are saying, and I understand the frustration. You've to admit though, the bad business decision was the one where they poured a crap ton of money into creating the communities in the hope that there would be some way of monetizing it in the future. There seems to be a reckoning going on now where VC guys and banks are saying "so, how are you going to make a profit" and people are saying "I don't know? Maybe charge our users?"