I don't think the direct losses of the 48 outage will be what matters here.
Rumors are that Reddit wants to IPO later this year. This blackout will put the spotlight on two issues:
- Reddit is extremely dependent on the goodwill of the community, especially the moderators who provide an essential service for free.
- Reddit is out of touch with its own community, and keeps pissing off the very people their existence depends upon.
If I were planning to invest in Reddit, this would make me think twice.
I don't think the direct losses of the 48 outage will be what matters here.
Rumors are that Reddit wants to IPO later this year. This blackout will put the spotlight on two issues: - Reddit is extremely dependent on the goodwill of the community, especially the moderators who provide an essential service for free. - Reddit is out of touch with its own community, and keeps pissing off the very people their existence depends upon.
If I were planning to invest in Reddit, this would make me think twice.