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Having just listened, I can understand that misinterpretation! I can buy that Selig's words may have been intended, at some level, as a jokey hypothetical to d
by gojomo 3y ago
Having just listened, I can understand that misinterpretation!
I can buy that Selig's words may have been intended, at some level, as a jokey hypothetical to draw a point into contrast. That is, he meant it as (fleshed-out sympathetic rewording): "If this really is just about a $20M drain to you, it'd be a dead-simple & efficient solution to pay $10M to make me go away quietly forever. But of course I wouldn't ask for that & you wouldn't do it, thus this isn't really just about solving your $20M/year cost center, but other mutually-agreeable futures."
But Selig's actual wording in the clip is exactly how people coyly/semi-deniably imply that they be handed various kinds of "go-away" or "hush" money. (That includes arrangements that might not technically be "blackmail" as a legal definition, but feel like vernacular 'blackmail' to laypeople or business-negotiators.)
Selig's opening words, of this audio clip, absolutely sound like an actionable offer "pay me this specific cash amount & your troubles – both technical/competitive & in terms of any ruckus I can raise in public – go away." I mean, here's Selig's exact words:
"Uh, hey, I could make it really easy on you, if you think Apollo is costing you $20M a year, you cut me a check for $10M, and we can both skip off into the sunset. 6 months of use, we're good. That's mostly a joke."
Until "that's mostly a joke", & depending on earlier context/levels-of-mutual-trust, that sounds like a specific offer to do whatever eases things for Reddit in return for $10M cash.
And even after "that's mostly a joke", the 'mostly' leaves open that maybe something of this shape is legitimately in Selig's mind as a resolution.
- TechBro8615 3y ago> "pay me this specific cash amount & your troubles – both technical/competitive & in terms of any ruckus I can raise in public – go away." Wait a second, isn't that exactly what Reddit is doing by charging for API access with thirty days notice?
- quickthrowman 3y ago> Uh, hey, I could make it really easy on you, if you think Apollo is costing you $20M a year, you cut me a check for $10M, and we can both skip off into the sunset. 6 months of use, we're good. This is an offer to sell Apollo. The opening stage of a negotiation. There’s nothing wrong with saying this, at all.
- gojomo 3y agoThat's a possible interpretation. We don't hear the discussion before it. And it's a weird wording to merely offer a sale of assets for Reddit to then manage. The word choice, to my ears, more implies a "just gimme cash to make me shut up & disappear" attitude, or at least openness to torpedoing every other goal as long as the cash prize is big enough. I further think Selig's rush to qualify it as "mostly a joke" is evidence that he noticed, in the moment, that what he just said sounded a bit brutally grubby. Maybe by this point he was getting angry his other hints that he mainly wanted an attractive buyout weren't being met by serious offers. As I mentioned, such a tactic could be far from what the law declares as actionable 'blackmail' but still feel like a tough, "play ball or else" shakedown on the other side of the negotiation – the sort of thing people commonly describe, though somewhat figuratively/hyperbolically, as 'blackmail'. Is there anything "wrong" with that style of making joking payoff offers to "skip off into the sunset"? Well, in negotiations, as long as you're not breaking the law or sabotaging your longer-run reputation, what's 'right' is largely what gets you what you want, both for now and in enduring relationships. Did Selig get what he wanted? Does he come off as a desirable & trustworthy counterparty in other future collaborations & negotiations? I think he's got a legitimate beef with Reddit in many dimensions, but at the same time this audio clip doesn't make him seem super clear & fair in his communications.
- prawn 3y agoThe "mostly a joke" bit is him suggesting that while his previous bit was just making a point about the $20m insistence, he'd be open to selling and walking away. He doesn't shut the door on selling it in the linked post either.
- s1artibartfast 3y agoIt's still very unclear what exactly right it would be buying with that $10 million. Instead of Apollo shutting itself down right it would pay for the privilege of being the one to shut it down? The payment doesn't make any sense and doesn't help Reddit offset the losses in any way. The Proposal was to have reddit by Apollo and monetize it, all the talk about going quiet doesn't make sense.
- djdjdj 3y agoSelig's posted audio doesn't vindicate him like he thinks it does. He struggles to speak about what he actually wants and should have hired an attorney (or someone who doesn't clam up and make unfunny "jokes" when nervous) to do the talking for him. I respect what the kid has done, but he's clearly out of his element here and I can totally see how reddit execs took it that way.
- Aeolun 3y agoOf course it would be on his mind as a resolution. He makes a living building that app. If his expenses are covered for the forseeable future, that’s a mutually beneficial offer. He says it’s mostly a joke because he knows Reddit won’t go for it, even though it would make a lot of sense.
- bottlepalm 3y agoOr because as long as you say 'just joking' after a threat no one can say you threatened them right? Really a thinly veiled attempt to ask for a buy out. The guy only needs to charge his users 2.50 more to make up for lost ad revenue, but instead he chose to burn down Reddit.
- Aeolun 3y ago$2.5/month right? Starting right now because otherwise the bill at the end of the month becomes impossible to pay.
- makeitdouble 3y ago> we can both skip off into the sunset TBH that doesn't sound menacing to me...however you misinterpret it, it feels more like making a deal than blackmailing. Granted, even taking money to let a publicly discussed issue go away is more akin to a settlement.