What went wrong is that after being divested from Condé Nast, reddit went and raised a huge round that ensured they would have to go down the route of synthetic growth tactics.
This whole operation could be wildly profitable with a team of 50-100 people and no major investors to appease.
Instead they read the room wrong, or just didn't care, and now we're here.
This whole operation could be wildly profitable with a team of 50-100 people and no major investors to appease.
Instead they read the room wrong, or just didn't care, and now we're here.