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Reddit CEO Digs In Heels As User Outrage Engulfs Website (www.huffpost.com)
submitted 3 years ago by to c/lemmyworld@lemmy.world
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Wow. Front page of huffpost.com right now. Interesting...

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[โ€“] 53 points 3 years ago (2 children)

When you start to talk about share holders more than your users, then you know you are lost.

โ€œI think every business has a duty to become profitable eventually โ€” for our employees shareholders, for our investors shareholders and, one day as a public company, hopefully our user shareholders as well,โ€ - quote from the article

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  • [โ€“] 19 points 3 years ago (2 children)

    I wouldn't say "lost" per se, as they are a company in business to make money.

    But when your site exists because of user input, because of user moderation (done for free), you're damn well not looking at the "big picture" when all you talk about is shareholders.

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  • [โ€“] 8 points 3 years ago

    Not every company has to exist to make money for somebody. Reddit didn't start that way. Remember when there was a little bar of "reddit gold paid this much for server hosting" - people wanted to give Reddit money.

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