Hacker News Reader

Are the investors of reddit not realizing the harm Spez is causing them?

Do they actually think they're going to have a successful IPO now? Investors should be working on having spez removed at this point. The dude has made such a bold lie that could put the entire company in legal jeopardy.

View on HN

If they didn’t realize it in 2016 when Spez manually edited comments that made him look bad (which was only a year after he returned to the company btw) then I don’t think they will now. Something very weird must be going on over there.

I'm nearly certain this is all intentional, to consolidate as many users as they can under the official app. Huffman is in on it, and will be "fired" by the board shortly after which will appease many users with the drama, though the decision won't be reversed. They will then bring in some Wall Street CEO to flaunt the new metrics and possibly even reach profitability with the ad revenue from users in the official app.

Redditors have the memory of a goldfish and most will have forgotten about it a few weeks later.

Reply on news.ycombinator.com