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Sam and the board are happy and pleased with her performance because she played the part of the suit pushing an over-corporate monetization-focused agenda and t
by joshjkim 11y ago
Sam and the board are happy and pleased with her performance because she played the part of the suit pushing an over-corporate monetization-focused agenda and then eventually was offered up as a "sacrifice to the reddit ideals", and at the same time she moved the goal posts entirely so now the new CEO and board can "scale back" Ellen's initiatives but only part way, therefore simultaneously putting them in a more monetize-able position AND making them look like they are "fixing what Ellen did".
My best guess is that she fought too hard to monetize by bringing a level of "mainstream" quality and standards to the site which would allow reddit to sell more and better ads (big complaint for advertisers: I don't want my products next to weird subs, etc.), which clearly was not well-received by the community BUT which the board may have encouraged, at least partially.
- joshjkim 11y agoSupplemental note: I'm not saying they did this by design or that this means Ellen succeeded. The ideal outcome for her would have been to manage that negotiation and positioning herself, identifying and settling into the middle ground and coming out the other side still in charge - this didn't happen, and the turnover does not make any of the parties look good. Still, she tried and probably benefited the business-side of things in some way - the next 12 months will see whether these benefits outweigh the reputation costs.
- generic_user 11y agoWith reddit gold most of Reddit has no problem with Reddit making money if they do it the right way. But if it means censoring content and speech and changing the community interaction that is totally unacceptable. I see the backlash against Pao as a reaction to the wrong type of monetization form the communities perspective. Done by a CEO that seems to not have much of an understanding of what Reddit means to the people that use it.
- mirimir 11y agoGoogle tells me that Reddit gold revenue remains small relative to ad revenue.