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> The point being the current parent expects more than may make sense and appears willing to devalue what they have to get there. The people in charge may abso
by chipotle_coyote 6y ago
> The point being the current parent expects more than may make sense and appears willing to devalue what they have to get there.
The people in charge may absolutely expect more return than makes sense and may be willing to devalue what they have to get there -- but those very same people were literally there at the beginning. What I was getting is that there is no "current parent". Reddit is, as of this writing, an independent company whose current CEO is one of its original founders, and whose executive chairman until recently was one of its other original founders.
So I guess I just think this is a more complicated case than the usual story of "great thing ruined by new owners." If Reddit is being ruined by executives who don't understand the the product, it's not because the original founders sold out to uncaring corporate overlords -- it's because they chose to become uncaring corporate overlords themselves. It's not at all impossible that former corporate overlords at Condé Nast may have understood the value of Reddit better than Reddit's creators do.
- ddingus 6y agoFair enough. The general dynamic still applies. The original vision was perfectly sustainable. Now it is generally not, and the value is dropping away. Wasted.