Reddit Ramps Up Its Threats To Protesting Mods, As Ad Buyers Leave
techdirt.com
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…
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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.
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
Might be the digg effect ;)