[kortilla]

That’s not how fiduciary responsibility works. It’s very easy to say, “we’re not going to do X because we don’t think it’s a good long term investment due to brand destruction”. This happens all of the time. It’s a complete myth that they are responsible to force short term charges for short term revenue.

What you’re confusing it with is shareholder pressure, which is orthogonal to duty. What Reddit went through was just kowtowing to large potential investors to increase IPO demand.