There’s something that feels really off for me here.
Reddit Inc. could’ve handled the powermods problem years ago; and if did, the userbase would actually support its decision. Yet it decided to do it alongside the API changes, the one timing that would make the userbase side with the powermods. Why?
Note that, if Reddit will pull out the “I am the Senate!” card, there wouldn’t be a need to wait for a protest to get rid of the powermods.
Even the API changes. They could’ve been implemented gradually, over time, playing along with the third party app devs, and then rising the prices until they become unreasonable, killing them as boiled frogs. But instead they decided “we’re going to lie, and we’re going to make our lie obvious”. Why?
The IPO itself is being planned for years. It is simply not news. If all of that is somehow preparing for the IPO, why is it being rushed now? And in a way that it makes the business look less profitable instead of more - anyone can see that Reddit won’t last long, and anyone buying Reddit shares will be burning money.
And we can’t really claim that it’s just Steve Huffman being a moron. He is, but a moron not backed by the business would have his moron butt kicked out.
It’s almost like something happened in April or May that made them rush this all. But what would it be?
Or perhaps they’re using Huffman as the piranha cow, to implement unpopular changes? And then they’d force him to step down, put another CEO in his place, and say “now everything is better”, while not reverting the unpopular changes. But this kind of trick doesn’t work twice, they already did it with Pao.
Alternatively, it could be a sign of fracture and struggle within Reddit Inc… What would it be?
TL;DR: we’re missing critical pieces of information here.
Just needs a little more lighter fluid.
Petition to mix lighter fluid with horse shit. Burning isn’t enough, it needs to stink!
He’s just emulating Elon because he wants to be a billionaire too. i dont think theres aany 4D chess going on.
He might be LARPing as Musk, but why is the company playing along? Do they really think that Spez is going to make Reddit Inc. more valuable for the IPO?
Does he even have a boss? Who would put the brakes on him in the company?
Chairmen are usually elected by the shareholders, with a weighted vote - if people holding more than 50% of the shares voted to replace spez, then spez would be out. In this case it means that either a lot of shareholders in Reddit agree with spez, or that the most powerful ones do it.
Ugh, I tried to look at redditinc.com to find specifics about whose on the board and the corpo-marketing drivel is so thick I had to stop.
IIRC the biggest shareholder is Conde Nast(y). They’re also behind Wired and Ars(e) Technica, that have been criticising Reddit’s decision, so I don’t think that they’re too happy with Spez.
But yeah, it’s corpo-marketing all the way - from corpos, to corpos.
Maybe it’s due to the Ghislaine Maxwell appeal, making her appeal public in late March, early April.
Consider Reddit’s history of CP and Pedophilia within their admin team;
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/r/JailBait
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Numerous counts of pedophilia throughout the Powermod and Admin team
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Extensive history of ignoring CP on their website.
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Aimee Challenor
Or because there’s a global depression coming up, and all the big cats are now cashing in. Who knows! :v
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