this post was submitted on 11 Jun 2023
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Reddit

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First subreddit over 10M to go private. The message shown when trying to enter the sub is a quote from spez:

I think the problem Digg had is that it was a company that was built to be a company, and you could feel it in the product. The way you could criticize Reddit is that we weren't a company – we were all heart and no head for a long time. So I think it'd be really hard for me and for the team to kill Reddit in that way. Steve Huffman, CEO of Reddit, April 2023

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[–] [email protected] 16 points 2 years ago (3 children)

It’d be truly sad if this shareholder enshittification of Reddit is what guts it and leaves its corpse in a ditch, but it does seem to be the way most things are headed these days.

[–] isdfoa 3 points 2 years ago (2 children)

Why do shareholders gotta ruin everything? The fatal flaw in capitalism to chase unlimited growth

[–] FlaxPicker 2 points 2 years ago

If you have a private company you don’t have to chase unlimited growth.

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