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by protastus 1109 days ago
The board wants the CEO to instigate drama and inflame their most passionate users against the company?

There's tremendous lack of tact about how this is being managed. Completely unnecessary and generally not good for business.
3 comments
phpisthebest 1109 days ago
> inflame their most passionate users against the company

this is think is the disconnect, they do not believe that is what they are doing, and given my tech bubble I am not sure they are wrong.

they have the data, i dont. I am sure their "most passionate users" are the ones using the official apps, and new interfaces, posting, upvoting, and commenting on cat photos, and cute animal memes, which is where their ads are targeted.....

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quantumsequoia 1109 days ago
I think he's referring to poor judgement by the CEO in immature PR handling. Even if raising the API prices is the right business decision according to the data, publicly slandering the Apollo developer seems like an unambiguously childish move
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sirspacey 1109 days ago
The Reddit community has a reputation for bullying leadership. He’s a founder & willing to stand up to them.

If all this negative press ends up driving attention in the broader stock market, it will probably work out come IPO.

So far, so good for preferred stockholders.

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phpisthebest 1109 days ago
isn't this about like saying the peasants have a reputation for bullying the king, then applauding the king for standing up to the unwashed masses..
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intended 1109 days ago
Yes, discussions between content creators and platforms are very ungentle these days.
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shostack 1109 days ago
They have a timeline to IPO. Reddit took $50m almost 10 years ago. They believe this will blow over quickly so they'd rather rip off the band-aid.
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