this post was submitted on 30 Jun 2023
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Reddit Ramps Up Its Threats To Protesting Mods, As Ad Buyers Leave (www.techdirt.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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The landed gentry are only in charge until the king comes to town and chops off a few heads. At least that seems to be the case at Reddit, where CEO Steve Huffman pretended his complaints about current moderators — who were protesting his decision to effectively cut off API access to tons of useful…

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[–] mriguy@lemmy.world 19 points 1 year ago (2 children)

If investors have any memory at all though, they aren’t going to give him tons of money, because he triggered the Reddit collapse before he sold out.

[–] jecxjo@midwest.social 5 points 1 year ago

The Online Ad Game is not a long one. It's about getting people to show up to your site when the ad is shown. No one is paying Reddit to grow brand recognition.

[–] Lenins2ndCat@lemmy.world 4 points 1 year ago

IPOs are all pump and dumps. No exceptions.