atlhart

A link to Reddit to a link to unverified “documents” is not news. It’s gossip at best.

News should be verifiable and fact checked. Not some random post in a subreddit.

Agree, OPs experience sucks and it’s good perspective but YSK should be focused on facts.

There are no cake days, this isn’t Reddit. Don’t try to make it Reddit. Let it be it’s own thing.

Spez has been correctly advised that investors are going to be concerned with profitability, or at least a viable pathway to profitability.

There’s a huge startup bubble starting to burst. Companies reliant on cheap money to supplement a business model that at best is years away from profitability but in some cases decades or will never be profitable.

Uber and Doordash IPO’d when money was cheap and investors were fine with speculating on these disruptive, yet unprofitable, companies.

I work broadly in the VC funded start-up world. My observation is that money is running out. All of these companies are trying to commercialize, even if the product isn’t fully ready, because they have to show revenue and there has to be a path to profitability of that revenue. That’s the only way they’ll get more money.

In this context, Reddit is more like these startups. They’ve been funded by investors, including big ones like Condé Nast and Ten Cent, and they need more money, so they have to show a path to profitable revenue.

The IPO is going to be a shit show. I wouldn’t touch it with a 9 foot pole. Reddit has been notoriously unprofitable for its entire existence. Now there’s no more juice to squeeze and their backers want to pawn it off on retail investors.

I can understand the interest in watching the drama unfold. It’s like reality tv.

But you should also ask yourself, deep down, why do you care?

Reddit will never go back. It was going downhill long before the 3PA-crisis. Spez will never back down. Even if Spez gets fired it’ll be an Ellen Pao situation all over again. The new CEO will say nice things and then not undo anything Spez did.

At this point the most anyone left on Reddit can do is damage Reddit’s valuation. It’s retribution for destroying the community we all enjoyed.

The mods can do this by impacting what subs can be monetized. Users can do this by decreasing traffic. Even being on the site is traffic.

We made it to the New World. I wish them the best and hope they find us one day, but I’m burning my ships and starting a new life.

I think it’s generally best to just empathize and validate their feelings. My go to is “that sounds really frustrating” or just repeat back their feelings. I’d in their vent they say they are sad, repeat back “that seems like it would be sad”

Depending on you’re relationship with them, I think you can first validate, but then ask “what are you going to do” or “how are you going to handle it”

You can also ask “are you just wanting to vent or do you also want advice”

But unsolicited advice is rarely appreciated. Opinions are like assholes, everyone has one and everyone things everyone else’s stinks.