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So, what I find more interesting in this is that Reddit did bring in a "new" general manager. What worries me is that it's not actually someone new. Neither i
by wheels 16y ago
So, what I find more interesting in this is that Reddit did bring in a "new" general manager.
What worries me is that it's not actually someone new. Neither is Alexis, for that matter.
From the outside looking in it would appear that while Reddit has been great at building a community, ramping up page views and engagement ... they suck at making money. (And this has limited their ability to hire and has spread the existing team very thinly.) From from what I can tell, they've always sucked at making money. So by promoting their community manager and bringing back the original CEO as an advisor, it would seem that this would enhance the parts that they're already really good at, but will they be willing to stir things up enough to bump up the revenues (even if it pisses the community off some)? In an armchair-quarterbacking sort of way, I'd hoped they'd bring in someone that was more of an outsider.
- count 16y agoLike Jay Adelson?
- redthrowaway 16y agoThey've been doing fine for money since they brought in reddit gold. The problem with hiring new staff had to do less with their revenue and more with Conde Nast's print-centric internal structure. That's why reddit gold worked out so well for them: they counted as "paid subscribers", which meant that reddit could get more money allocated for staff. Before, they had rarely had a problem getting servers or other infrastructure, but get approved to hire people to run them was difficult.