IMO this is the best evidence yet that Spez is trying to kill the usefulness of Reddit even if it kills the platform itself in the process. Just like Musk is doing with Twitter. Free and open mass communication were in the process of turning the tide against the ruling class. Don’t get me wrong, it’s still very early in that process, but I’ve noticed a lot of things go from “you’ll be ridiculed if you question this” to “some people still try to defend it, but the ridicule is going both ways now” over the years.
He was probably offered a ticket to a higher financial level. Whether he’s stupid or just corrupt will depend on whether that offer is followed through on.
My guess is he was told if he did x, y, and z to Reddit, the IPO would allow him to sell his shares at some number that he really liked.
But I don’t think he can just undo the damage he did if they change their mind about buying it at that price when the IPO comes. I don’t know if he’d even be able to talk about that without implicating himself in crimes, so it might happen.
That’s assuming he’s corrupted by the carrot and not the stick.
IMO this is the best evidence yet that Spez is trying to kill the usefulness of Reddit even if it kills the platform itself in the process. Just like Musk is doing with Twitter. Free and open mass communication were in the process of turning the tide against the ruling class. Don’t get me wrong, it’s still very early in that process, but I’ve noticed a lot of things go from “you’ll be ridiculed if you question this” to “some people still try to defend it, but the ridicule is going both ways now” over the years.
So he could be incredibly stupid in a different way than I originally thought.
He was probably offered a ticket to a higher financial level. Whether he’s stupid or just corrupt will depend on whether that offer is followed through on.
My guess is he was told if he did x, y, and z to Reddit, the IPO would allow him to sell his shares at some number that he really liked.
But I don’t think he can just undo the damage he did if they change their mind about buying it at that price when the IPO comes. I don’t know if he’d even be able to talk about that without implicating himself in crimes, so it might happen.
That’s assuming he’s corrupted by the carrot and not the stick.