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by x0x0
4003 days ago
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You're making this far too personal. Reddit is and was a shitty business; afaik, they lost money every year at least through 2012 (Yishan released not raw numbers but a graph showing expenses > revenue). Reddit has to change: at some point, they will either make money, become a billionaire's hobby or vanish. That's completely separate from the fact that certain people were happy to host jailbait and stolen celebrity titty pics and others are ashamed to be associated with people who do and/or support the former. Ellen has little do with any of the above except her current remit to make reddit into a functioning -- that is, profitable -- business. But any ceo will have that task. |
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Are they allowed to monetise their site? Yes of course they are. However there is a fine line between monestising a social media site and killing it. Just look at Digg, they tried to give to much power to superusers and sites that gained traffic from them. Result the users left in droves so that they werent spoon fed corporate shit. It went from a valuation of $150m to being sold for under half a million. It will never regain what it was, diggs are no longer even measure don the site.
The same thing could happen to reddit. The CEOs job is to monetise the site, but if you kill the site you can not monetise it. This is why reddit needs a CEO that the users like. If ellen pao fucks up the monetisation in such a way that it alienates users they will not be forgiving. If the users like a CEO and the CEO fucked up then they are more likely to forgive and remain redditors than if they hate the CEO and the fuckup is the straw that breaks the camels back.