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They are trying to IPO for once last chance at a cashout for their most recent investor/owner ( advanced publications ). http://www.businessinsider.com/reddit-
by paidleaf 8y ago
They are trying to IPO for once last chance at a cashout for their most recent investor/owner ( advanced publications ).
http://www.businessinsider.com/reddit-is-reportedly-considering-an-ipo-2017-11 http://www.businessinsider.com/reddit-is-reportedly-consider...
They aren't interested in user experience. They are interested in drumming up mobile #s in the short term to get the best valuation possible. Reddit, like most things on the internet, have turned away from their idealistic beginnings for the cold hard cash. Not that I blame them really.
I've been through situations like reddit is going through. I can guarantee you that they don't care 1 bit about user complaints at this stage. It's all about getting the metrics they need to the valuation they want. They don't care whether reddit survives or not over the long term. They don't care about user experience. It's all about the short term right now and cashing out as quickly as possible.
Think of it like trying to sell your car. You don't car about its long term prospects. You just want to spend as little money as possible to make it look as good as possible to make as much money off of it in the short term.
- draw_down 8y agoWell, it’s a shame but at least the story adds up.
- rnet85 8y agoI interviewed there. It is not as dark as you put it. They admit they have certain problems with how they display ads, and how they draw in more people. They're acutely aware that they've yet to figure out a mature way to monetize the site without irritating the users. These are trials. Different teams come up different ideas and they want to try them out and see if it works out. Their CEO is very aware of criticisms like these.
- craftyguy 8y ago> I interviewed there. It's not really unheard of for an employer to paint a rosy picture for prospective employees...
- randycupertino 8y agoSo true. imo you generally don't become fully aware of the dark side of how the sausage is made at most jobs until at least 6-months in.
- your-nanny 8y agoSounds like bubblenomics.