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> Is spez (Steve Huffman, CEO and cofounder) going to lose his job over this? Oh please. Let's be honest, this is not financially going to hurt the company.
by dbbk 3y ago
> Is spez (Steve Huffman, CEO and cofounder) going to lose his job over this?
Oh please. Let's be honest, this is not financially going to hurt the company.
- jakkos 3y agoIt's a large and protracted public backlash and another example of the CEO being incompetent and dishonest right before an IPO. It would definitely impact my view of the company as an investor.
- toyg 3y agoBut it has generated enough bad PR and user bleeding to significantly push competitors, which eventually will financially hurt Reddit - or possibly even kill it. An old-school investor would be fuming right now, but VCs only care about IPOs and they probably blessed this strategy already.
- mrguyorama 3y ago"Old school investors" haven't mattered since the Dotcom boom showed you can just make money by making up a narrative, selling, and walking away. That's been the economy in the US for two decades now.