Beyond spez (and the fact that he is a greedy little pig boy), I’m curious about the corporate dynamics that prevent a company like Reddit from being profitable. From an outside perspective, they make hundreds of millions per year via advertising, their product is a relatively simple (compared to industries that need a lot of capital to build their product), and their content is created and moderated for free by users. Could any offer some insights or educated guesses? Additionally, I’m curious how this all ties into the larger culture of Silicon Valley tech companies in the 2010s.
Talking openly and positively about the current poster child for wild company valuation loss - right before an IPO - sounds fishy to me to the point of wondering where the crime angle is in the whole thing.
The whole mess reeks of a future episode of “60 minutes”.
It doesn’t pass the sniff test at all. I smell a corporate raider.