• realslef@fedia.io
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    1 year ago

    “Hold on, dear investors! I’m confident that we can simply steer our ship straight through the middle of the massive iceberg!”

    • Fox@feddit.de
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      1 year ago

      Ironically, had the titanic hit the iceberg straight on it probably would have survived. Swerving at the very last moment was what made it sink.

  • squidzorz@lemmy.ml
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    1 year ago

    Note that these are just quotes from the disastrous AMA he held last week, not new comments that have been made.

    • Artistan@lemmy.worldOP
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      1 year ago

      Unlike some of the 3P [third-party] apps, we are not profitable - Steve Huffman, Reddit CEO

      Translation - we don’t have control of the 3PA and they are getting in the way of moooore profit, so we want them gone.

      • Scrubbles@poptalk.scrubbles.tech
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        1 year ago

        What a shitty job at astroturphing there.

        "Won’t someone think of the corporations! The evil third party apps (that we admitted were less than 10% of our userbase) are (somehow) bankrupting us! They’re using so much API (even though our website uses at least 5x the API calls)

        [Translation: There’s 10% of the people we could shove ads in front of who are getting around it and I want to sell this sucker so I can buy another vacation property]

  • milkytoast@beehaw.org
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    1 year ago

    and here i was, truly believing that they would reconsider. as of right now ~4000 of the planned 6600 subs have gone private, if that isn’t enough then oh well