You know the phrase “business genius”?
Spez is a business idiot.
He’s had money thrown at him from VCs, thousands of people generating content, and administering content for free, sitting on a goldmine of data and goodwill and Community spirit, and he’s managed to lose money, burn bridges, and fuck up the whole deal all for thppe sake of chasing a few dollars of API revenue and a bruised ego. All while others make millions and gain significant community support using the exact same data with business models he could have just copied or shared in.
He’s had every opportunity. He’s fucked it up at every step.
Business idiot.
Fire spez.
Remember the threat that Reddit presented to capitalism’s status quo around the height of antiwork and GME.
If Reddit falls, it will be on purpose. Same as the 180 of Twitter as a somewhat legitimate forum - Twitter being a key organizing tool during the Arab Spring (with the Saudis being the largest investor in Twitter behind elon of course).
Billionaires do each other favors to keep the class war in balance.
I… had not thought of the situation from that perspective.
On the one hand, I want to look at this and say ‘conspiracy theory’… but on the other hand I could potentially see this being possible.
On the third hand, when in doubt, apply Hanlon’s Razor: don’t attribute to malice what can be adequately explained by stupidity.
