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Reddit management seem to be living in a bubble (as corporate managers often do). Inside the Reddit bubble, disgruntled users are a vocal minority who don't mat
by dreamcompiler 3y ago
Reddit management seem to be living in a bubble (as corporate managers often do). Inside the Reddit bubble, disgruntled users are a vocal minority who don't matter, Reddit -- not its users -- created the content that keeps the eyeballs coming back, apps are more convenient than websites, we own the user experience, we are leaving money on the table if we don't mine and sell more personal information, we have no competition, our barrier to entry is infinitely high, and our IPO will be the greatest IPO ever.
Either that or they know all the above is bullshit and they're just hoping they can cash out with FU money before the ship sinks.
- Meph504 3y agoIMO, I certainly think it is the goal, I think they are trying to invent a projected revenue stream, increasing ad track through 1st party views, and layoffs are all about looking more valuable for IPO. None of it seems to increase value to current users, invite new users, or actually grow the business.