If they paid their mods, it might be a different conversation.
No one on Reddit asked investors to come over and invest. They did so because they thought they could get a return. Well, that’s the risk of being an investor, isn’t it?
Reddit brings in hundreds of millions of dollars a year ($550m is what I recently heard). Let’s not pretend that the community is at all taking advantage of Reddit, right? I’m firstly skeptical that a site like Reddit can’t turn a profit on HALF A BILLION dollars a year, but fine. Let’s accept that’s the truth. They could have worked with the community on this. There are things they could’ve done. They could’ve:
- engaged the community on the changes
- given devs more than a mere 30 days to figure something out
- responded to repeated requests by the devs to work together
- provided options to the community on various methods of getting more revenue in
They did NONE of those things. The CEO lied and spat in their faces.
If they paid their mods, it might be a different conversation.
No one on Reddit asked investors to come over and invest. They did so because they thought they could get a return. Well, that’s the risk of being an investor, isn’t it?
Reddit brings in hundreds of millions of dollars a year ($550m is what I recently heard). Let’s not pretend that the community is at all taking advantage of Reddit, right? I’m firstly skeptical that a site like Reddit can’t turn a profit on HALF A BILLION dollars a year, but fine. Let’s accept that’s the truth. They could have worked with the community on this. There are things they could’ve done. They could’ve:
- engaged the community on the changes
- given devs more than a mere 30 days to figure something out
- responded to repeated requests by the devs to work together
- provided options to the community on various methods of getting more revenue in
They did NONE of those things. The CEO lied and spat in their faces.