| No, it really doesn’t. If they paid their mods, it might be a different conversation. No one on Reddit asked investors to come over and invest. They did so because they thought they could get a return. Well, that’s the risk of being an investor, isn’t it? Reddit brings in hundreds of millions of dollars a year ($550m is what I recently heard). Let’s not pretend that the community is at all taking advantage of Reddit, right? I’m firstly skeptical that a site like Reddit can’t turn a profit on HALF A BILLION dollars a year, but fine. Let’s accept that’s the truth. They could have worked with the community on this. There are things they could’ve done. They could’ve: - engaged the community on the changes - given devs more than a mere 30 days to figure something out - responded to repeated requests by the devs to work together - provided options to the community on various methods of getting more revenue in They did NONE of those things. The CEO lied and spat in their faces. |