Tech companies aren’t just businesses, they’re investments.

One of the weirder phenomena of the low interest rate era in tech was a tendency to see companies primarily as investments. The goal was not to have a functional business, but an exit, often via IPO or acquisition. I have begun to wonder if that explains what Reddit CEO Steve Huffman has been up to lately.

Umm…yeah.

  • CIWS-30@kbin.social
    11·
    1 year ago

    Given how much of a douche he’s being (and only because he has organizational power, and not because he has people skills) in the event of a disaster, he’d probably be one of the ones to bite it first, or to be sent on an mission for expendables, to be honest.

    When you can’t just wave around money or org chart power to solve your problems, then people will start showing how they really feel about you. The way he’s running Reddit into the ground shows that he’s not a good leader, and the way he’s pissing everyone off right now by following in the footsteps of a huge failure (Musk) who’s also a jerk is just proving that he’s an idiot AND a douche that wouldn’t do well if society went awry.