Any capable ceo worth their salt had to be thinking about this BEFORE their first round of funding, not 10 yrs later when they are “about to ipo”. Part of acquiring large amounts of funding is working thru these problems and having a concrete monetization plan. This isn’t something new and every single startup on this planet contends with resourcing and money. This problem isn’t unique to reddit and is a solved problem by other social media companies.
If it’s serving ads and selling user profiles, be transparent about it. Mandate 3rd party apps to serve ads meanwhile reduce the need of a staff to try and come up with a god awful app that can’t load a video. Pour said money into infra-scaling instead.
Use differential privacy policies, obfuscate private data and inform + ensure users that the data being sold is to generate revenue so that the site can stay in the green and go public AND that their privacy is first and foremost. You can literally invent GDPR like privacy controls and STILL monetize user profile while keeping users happy.
If I can solve this in 10 mins, Huffman doesn’t get a pass for being an idiot. Sorry, don’t mean to sound ranty and aggressive but any sort of justification for reddit is really defending malice on his part and I feel like this needs to be said, particularly to an audience that are (rightfully so) perhaps giving him the benefit of the doubt when they don’t know any better.
Hope this helps paint a better picture of why I keep calling this guy an idiot. :-)
Any capable ceo worth their salt had to be thinking about this BEFORE their first round of funding, not 10 yrs later when they are “about to ipo”. Part of acquiring large amounts of funding is working thru these problems and having a concrete monetization plan. This isn’t something new and every single startup on this planet contends with resourcing and money. This problem isn’t unique to reddit and is a solved problem by other social media companies.
If it’s serving ads and selling user profiles, be transparent about it. Mandate 3rd party apps to serve ads meanwhile reduce the need of a staff to try and come up with a god awful app that can’t load a video. Pour said money into infra-scaling instead.
Use differential privacy policies, obfuscate private data and inform + ensure users that the data being sold is to generate revenue so that the site can stay in the green and go public AND that their privacy is first and foremost. You can literally invent GDPR like privacy controls and STILL monetize user profile while keeping users happy.
If I can solve this in 10 mins, Huffman doesn’t get a pass for being an idiot. Sorry, don’t mean to sound ranty and aggressive but any sort of justification for reddit is really defending malice on his part and I feel like this needs to be said, particularly to an audience that are (rightfully so) perhaps giving him the benefit of the doubt when they don’t know any better.
Hope this helps paint a better picture of why I keep calling this guy an idiot. :-)