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.
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.
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.