While CEO Steve Huffman may be dismissive of the thousands of subreddits going dark to protest his planned API changes,...

While CEO Steve Huffman may be dismissive of the thousands of subreddits going dark to protest his planned API changes,…

  • chamim@kbin.social
    41·
    1 year ago

    They took insporation from Twitter and we all know how profitable that turned out to be.

    • Casmael@geddit.social
      45·
      1 year ago

      Yeah this is the really disturbing part imo. Huffman actually saying out loud that he was inspired by musk & twitter et al. What a fucking spoon.

      • chamim@kbin.social
        32·
        1 year ago

        He lives in a bubble and he’s certain that following Musk’s example will make him richer. But what he fails to understand is that, while reddit is massive and people are addicted to or reliant on it, if it stops producing high-quality content, it’s going to eventually be replaced by something else. Hopefully, by the fediverse.

          • hydrospanner@vlemmy.net
            5·
            1 year ago

            I feel like the main step he’s forgetting is that he wanted to install an interim CEO to make these unpopular changes so they didn’t happen directly at his direction, so that the dust up can be laid at someone else’s feet…after which he can swoop back in, replace them with himself again, not reverse the changes, and avoid the blame.

            Not that she was great, but I do kinda feel bad for the way Ellen Pao got dicked over by Huffman and hated by the community.

      • norbert@kbin.social
        10·
        1 year ago

        He’s been quoted saying it was a mistake to only get $15 mil when they sold reddit the first time. I bet he has a ton of stock options tied up in this and just wanted to cash out as much as he could now and be done. His greed (and mouth) probably got the better of him and it’ll end up costing him. He’ll still get richer from the IPO, reddit will be around for years and is valuable to advertisers, but he had a shot at being a billionaire if he played his cards right, that’s pretty unlikely now.

      • roving6478@kbin.social
        7·
        1 year ago

        Twitter and Reddit have really thrown the idea that the “elite” are somehow smarter or more competent into disrepute. They are literally just ideologues.

        • bedrooms@kbin.social
          3·
          1 year ago

          Ideologue, maybe. I also feel like they’re just a random person who didn’t receive good education. They paid to pass.