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I assume the Board directed and approves of this “if we burn it down to try to increase profits so be it” approach. They could have been so much more creative in developing a profitable model. They’re acting like they’re TRYING to kill Reddit. Mission accomplished!
They could have been so much more creative in developing a profitable model
They didn’t really even need to be all that creative. Literally just “put the ads into the API” would have sufficed. Or “charge third-party apps, but charge them a reasonable amount” (on the order of 2x how much advertising revenue was being lost to them, instead of 29x). It’s not bloody rocket science.
Gods, he such a discarded disconnected, lying, self absorbed piece of shit
