Steve Huffman, the Reddit CEO, told NBC News in an interview that a user protest on the site this week does not have wide support and is led by a minority of moderators.
That he’s becoming increasingly more catty and loose with the truth by the day speaks to the protest’s effectiveness. Aside from the dropping engagement numbers, the daily deluge of negative press from major media outlets isn’t doing their valuation any favors, and as the person responsible for this decision, he’s feeling the heat more than anyone.
Also, if they weren’t having any effect, he’d simply maintain the previous party line from before the protests about how the community is free to express itself and protest in any way it sees fit.
Everyone who reads these mass media stories has got to be aware that both the quantity and quality of user interaction are going to impact the profitability and longevity of the site. Reddit already has longevity. It’s trying to position itself as profitable. Seeing the CEO continually giving a big “fuck you” to a large fraction of the userbase (a fraction, yes, but a large one, when you’re talking about quantity and quality of interaction) has got to give investors and potential investors pause.
That he’s becoming increasingly more catty and loose with the truth by the day speaks to the protest’s effectiveness. Aside from the dropping engagement numbers, the daily deluge of negative press from major media outlets isn’t doing their valuation any favors, and as the person responsible for this decision, he’s feeling the heat more than anyone.
Also, if they weren’t having any effect, he’d simply maintain the previous party line from before the protests about how the community is free to express itself and protest in any way it sees fit.
Everyone who reads these mass media stories has got to be aware that both the quantity and quality of user interaction are going to impact the profitability and longevity of the site. Reddit already has longevity. It’s trying to position itself as profitable. Seeing the CEO continually giving a big “fuck you” to a large fraction of the userbase (a fraction, yes, but a large one, when you’re talking about quantity and quality of interaction) has got to give investors and potential investors pause.