concealmintReddit's unpopular changes were inspired by Elon Musk's layoffs & cost-cutting
Imagine cribbing notes from a guy that has seen the social network he purchased drop in value by 2/3rds.
Step 1 - buy company for billions of dollars
Step 2 - do stupid shit with it
Step 3 - lose billions as valuations drop
Step 4 - ???
Step 5 - profit, apparently?
AKA "How to MySpace your social media site."
Nah. The MySpace guy sold his company for half a billion, retired and lived happily ever after while the people that bought it off of him had to watch their investment slowly die.
Yes. And News Corp, who spent $800 million on MySpace, fucked it up and sold it ten years later for about a tenth of what they paid for it. Which is the incident I was referring to.
But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better.