The landed gentry are only in charge until the king comes to town and chops off a few heads. At least that seems to be the case at Reddit, where CEO Steve Huffman pretended his complaints about current moderators — who were protesting his decision to effectively cut off API access to tons of useful…
These guys aren’t happy with some support. They want all the support i.e. money. Feels like no tech corporation thinks about its products long term anymore. Just the most readily available cash grabs possible, even if it means possibly losing future revenue.
Well, as other people have said, it looks like they were preparing to sell Reddit, or take it public, or whatever, and they wanted to make it look as profitable and purchaseable as possible.
The end result is the same, but the reasoning is a bit different.
Anyhow, if that’s true, I dare say they’ve achieved the opposite result now.
Spez explicitly said in his AMA that third party apps were profitable while reddit wasn’t.
Which isn’t mutually exclusive, plus he can’t really talk about any planned sales before they are actually announced anyway.
So, shall we start calling this ‘the Reddit Effect?’ We haven’t had anything new to supplant the Streisand Effect for awhile, I feel like something like this is overdue
So the Reddit Effect would be a company trying to do something to raise it’s value or make it look good that has the opposite effect?
I don’t think there’s another name for that, so sure, why not?
Might be the digg effect ;)