a business doesn’t need a lot of profit to exist, it just needs to cover its overhead. Profit-seeking is a bit crass. Spez could just pull a salary and live a comfortable and modest life forever without needing to “maximize profitability”. This will only get worse when reddit goes public, because they will then have a legal obligation to return maximum profits, and there will be penalties if they fail to seek them.
Hell, there’s plenty of room between covering overhead and maximized profitability to not play the feudal lord the way Spez has been doing. There was room enough to be plenty comfortable, hoisted by the goodwill of a robust community, before he decided to burn that goodwill for warmth.
Most of the people I’ve seen talking about Reddit’s position – the vast majority of them – want to make space for Reddit to make money. My leading assumption right now is that it just wasn’t as much money as Spez wants.(not needs, wants)
a business doesn’t need a lot of profit to exist, it just needs to cover its overhead. Profit-seeking is a bit crass. Spez could just pull a salary and live a comfortable and modest life forever without needing to “maximize profitability”. This will only get worse when reddit goes public, because they will then have a legal obligation to return maximum profits, and there will be penalties if they fail to seek them.
Hell, there’s plenty of room between covering overhead and maximized profitability to not play the feudal lord the way Spez has been doing. There was room enough to be plenty comfortable, hoisted by the goodwill of a robust community, before he decided to burn that goodwill for warmth.
Most of the people I’ve seen talking about Reddit’s position – the vast majority of them – want to make space for Reddit to make money. My leading assumption right now is that it just wasn’t as much money as Spez wants.(not needs, wants)