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Amazingly, Yishan Wong (previous CEO of Reddit) has commented about the firing of Victoria (which was one of the things added fire to the backlash against Ellen

by asb 11y ago

Amazingly, Yishan Wong (previous CEO of Reddit) has commented about the firing of Victoria (which was one of the things added fire to the backlash against Ellen Pao), claiming it was Alexis who made the decision to fire her https://np.reddit.com/r/TheoryOfReddit/comments/3d2hv3/kn0thing_says_he_was_responsible_for_the_change/ct1fsoi?context=3 https://np.reddit.com/r/TheoryOfReddit/comments/3d2hv3/kn0th...

RockyMcNuts 11y ago
He also posted this little bit of bridge-burning - https://www.reddit.com/r/AskReddit/comments/3cs78i/whats_the_best_long_con_you_ever_pulled/ct0ho6z?context=3 https://www.reddit.com/r/AskReddit/comments/3cs78i/whats_the...
- deelowe 11y ago
  It's not secret there was tremendous pressure to get from underneath Conde Nast. There had to be some leverage to make them decide to just hand over the keys to the kingdom like that. I've been curious ever since it happened what the specific details of the deal were.
  - x0x0 11y ago
    what leverage did they really need? Reddit never made any profit and was clearly not on the path to making any. Therefore, conde nast might as well take a flyer in the hopes of turning a loss-making asset into a revenue-making asset.
    - deelowe 11y ago
      My point was simply that the details of the conde nast deal weren't shared afaik. You don't just cut and run from a company valued at >$200m (at the time) even if it's currently in the red.
exstudent2 11y ago
Yishan seems to love to do stuff like this. While I personally find it interesting, it also seems pretty unprofessional. Some issues with this particular comment: 1. Yishan no longer works at Reddit so I don't think he can be considered an authoritative source for what happened. 2. Yishan appointed Pao so isn't unbiased when discussing her. 3. The CEO's job is to represent the company. The chairman's job is to appoint the CEO. The outcome of events seems correct even if what Yishan says is true.

by asb 11y ago

RockyMcNuts 11y ago

He also posted this little bit of bridge-burning - https://www.reddit.com/r/AskReddit/comments/3cs78i/whats_the_best_long_con_you_ever_pulled/ct0ho6z?context=3 https://www.reddit.com/r/AskReddit/comments/3cs78i/whats_the...

deelowe 11y ago
It's not secret there was tremendous pressure to get from underneath Conde Nast. There had to be some leverage to make them decide to just hand over the keys to the kingdom like that. I've been curious ever since it happened what the specific details of the deal were.
- x0x0 11y ago
  what leverage did they really need? Reddit never made any profit and was clearly not on the path to making any. Therefore, conde nast might as well take a flyer in the hopes of turning a loss-making asset into a revenue-making asset.
  - deelowe 11y ago
    My point was simply that the details of the conde nast deal weren't shared afaik. You don't just cut and run from a company valued at >$200m (at the time) even if it's currently in the red.

exstudent2 11y ago

Yishan seems to love to do stuff like this. While I personally find it interesting, it also seems pretty unprofessional. Some issues with this particular comment: 1. Yishan no longer works at Reddit so I don't think he can be considered an authoritative source for what happened. 2. Yishan appointed Pao so isn't unbiased when discussing her. 3. The CEO's job is to represent the company. The chairman's job is to appoint the CEO. The outcome of events seems correct even if what Yishan says is true.