Reddit isn’t profitable, despite having more than 50 million daily active users. In preparation for an IPO, CEO Steve Huffman put the platform’s API

    • minikieff@lemmy.world
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      1 year ago

      Christian is not talking to Huffman there.

      Also, fuck spez, but Christian looks pretty bad in that sound bite. The $10 million thing really looked like a threat, and Christian tried to back pedal only after he got called out.

      • towerful@programming.dev
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        1 year ago

        I always interpreted it along the lines of
        “Apollo is losing you 20m per year. Buy me out for 10m. You save 10m the first year, and 20m the following years. I make a one-off 10m, which is 50% of what you value my app to be worth per year.”

        But I agree that whole exchange doesn’t go great.
        Easy to misunderstand without hindsight!
        However, it is quickly clarified and agreed upon (from both sides) that it’s not a threat.
        So, spez takes part of that conversation massively out for context and said Christian threatened Reddit. Which isn’t in good faith