| So if the impact of the change is so small, why does the CEO of this company with thousands of employees feel remotely compelled to concoct a fantasy story where the Apollo developer is an evil villain that is so unbelievable and verifiably unbelievable it doesn't last six hours before blowing up in his face? Even if you completely accept these policy changes as a long-term positive for reddit's growth, how can you have confidence in that leadership? How can you trust anything they tell you as an investor? Steve has some kind of problem. It's been apparent before with editing comments in the live db, and it's apparent now. This problem is a risk for reddit. "Don't lie on or about phone calls" is pretty basic risk management and he can't handle it. |
Reddit is still a decent-sized company with a whole team of people who've likely been running the numbers. Third party apps like Apollo are a nerd concern anyway, and nerds are outnumbered on Reddit these days; I'm sure most users are happily poking away at the first party apps.