[shmatt]

The Reddit board of directors don’t represent the founders, who have probably been long ago diluted to less than 10%

They represent investors who sunk 1.3 billion dollars into a company who was spending millions providing 3rd party apps a free api where users can’t be monetized. And is not currently profitable

If my previous experience means anything, the board wanted the price to be 100x higher or to shut down the api completely, and were talked down by spez