I’m convinced spez is almost in too deep at this point. No doubt he has extreme VC pressure on him for a successful IPO, and the worst thing that can happen to him if reddit suffers is a few million dollars and some extra free time.

Meanwhile, there could be actual money he misses out on making if he admits he’s screwing over his users. Money like that is difficult to resist, especially with the kind of executive power over reddit’s direction he has.

Yep. But here is the snag: even though regular users generate traffic, power users (such as mods, people who want to have a better user experience through third party apps, people who engage in fights about usability) are those who generate and moderate content.

So driving them away will drive revenue away in short, medium and long term.

Tons of marketing sites have already recommended advertisers to stop advertising on Reddit, at least until this whole thing has settled.

The best part is the Spez guy never thought open source alternatives already existed, so he will actually speed up the end of his platform. I would bet that there won’t be an IPO any time soon, and the Spez guy is the main culprit.