this post was submitted on 22 Jul 2023
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Reddit Migration

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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.

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[โ€“] ivanafterall@kbin.social 31 points 1 year ago (1 children)
[โ€“] Onii-Chan@kbin.social 5 points 1 year ago

Holy fuck, that's a fantastic comparison. Re-reading that quote in Dwight's voice fit far too well.