Reddit web service hit by strike by thousands of users over new policies, threatening scheduled public offering

Reddit web service hit by strike by thousands of users over new policies, threatening scheduled public offering
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Posted by: LateForLunch ^Ž

06/13/2023, 01:30:01

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https://www.cbsnews.com/losangeles/news/thousands-of-reddit-communities-go-dark-to-protest-companys-controversial-new-policy/

I'm not sure the company's efforts to monetize their services are going to work, since their company needs some of the people they are going charge in order to remain functional. Twitter is in a similar situation, but Reddit is in a worse one presently. The Reddit company is about to try to go public with an offering soon - this strike and ongoing strife seem to indicate less-than-optimal conditions for that.

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Reddit will survive in some way, even if many of it's users are rightfully outraged. --- Ihavenoname ( 06/13/2023, 02:00:51 ) ( 1002 bytes ) +1

If the IPO is disrupted that would be more than a small thing, no? --- LateForLunch ( 06/13/2023, 03:03:05 ) ( 121 bytes ) +1

That's right. But CEO Huffman seems to have something up his sleeve. --- Ihavenoname ( 06/13/2023, 09:48:23 ) ( 698 bytes ) link +1

" . . . what is he trying to accomplish? Satisfying his ego?" -- That would be my guess. --- Russ Walden ( 06/16/2023, 14:04:07 ) ( 2 bytes ) +1

Now he (Huffman) wants to rule with an iron fist. --- Ihavenoname ( 06/16/2023, 19:08:48 ) ( 187 bytes ) link +1

Seems more like he is ruling with a bony head. (rolls eyes) --- LateForLunch ( 06/16/2023, 21:48:43 ) ( 168 bytes ) +1

Huffman is ruling with stupidity, isn't he? --- Ihavenoname ( 06/17/2023, 00:21:19 ) ( 139 bytes )