Reddit started going badly downhill (where it was a visible and public departure from what it was previously) from around the time that Sam Altman personally invested in the company nine months ago, an announcement that almost ruptured my cringe-pipes. I laughed internally at the notion that he thinks he's altruistic by giving 10% back to the users, whilst in the same announcement he mentions reddit reaching a billion users.
So, Sam was boasting that of his shares he owns 90%, whilst each of the "shareholders" (a reddit user) has 0.0000000001% – and that's exactly what I expect from investors.
Then Yishan Wong resigns, it felt more like a pushing, one month after Sam invests, and is replaced by Pao; who has a history of going after previous employers because she's angry that she's a woman. Nobody has the nerve to fire Pao because they're afraid of being called sexist.
It's like Reddit is this persistent YC nightmare that he feels he needs to "right the history" on it and somehow make it successful.
And they're just massively failing at every step. Out of touch, out of clue. Reddit the company is at this point completely removed from the actual site. They went back into startup mode but you would never know it looking at the site. No new features, same old shitty reliability, nothing.
Reddit started going badly downhill (where it was a visible and public departure from what it was previously) from around the time that Sam Altman personally invested in the company nine months ago, an announcement that almost ruptured my cringe-pipes. I laughed internally at the notion that he thinks he's altruistic by giving 10% back to the users, whilst in the same announcement he mentions reddit reaching a billion users.
So, Sam was boasting that of his shares he owns 90%, whilst each of the "shareholders" (a reddit user) has 0.0000000001% – and that's exactly what I expect from investors.
Then Yishan Wong resigns, it felt more like a pushing, one month after Sam invests, and is replaced by Pao; who has a history of going after previous employers because she's angry that she's a woman. Nobody has the nerve to fire Pao because they're afraid of being called sexist.
This is Silicon Valley at it's most entertaining.