Reddit CEO learns going to war with the internet is a LOSING battle

Remontoire@lemmy.world to Lemmy.World Announcements@lemmy.world – 476 points –
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And it's not even about the profit motive, it's about the fundamental way in which he approaches situations with a zero sum game mentality. It's about concentrating power over something as slippery as water, replacing something that works with something shittier BUT that he can control (see Victoria and AMA, or the photo and video hosting instead of continuing with Imgur). It's about regarding with contempt the community that gathered around the site he created.

It's about a guy that sold his stake in reddit thinking it was worth nothing, coming back as CEO when surprise reddit continues growing, and only being worth 10 million in silicon valley where his peers are worth billions. This is the show silicon valley, but in a universe where erlich bachman ended up as CEO of pied piper.