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)