It almost sounds like they're trying to gain celebrity endorsement in order to make Reddit more profitable and advertiser-friendly. I think this shines a little more light as to why they decided to ban FPH besides the obvious reasons. I'm not sure that this is going to work out for Reddit in the end but a lot still remains to be seen.
Reddit gold caught on in a big enough way that Reddit could easily have continued to exist and pay for itself indefinitely. But I don't suppose "maintain the status quo" is an acceptable model for the sort of VC types who hand over $50 million.
It almost sounds like they're trying to gain celebrity endorsement in order to make Reddit more profitable and advertiser-friendly. I think this shines a little more light as to why they decided to ban FPH besides the obvious reasons. I'm not sure that this is going to work out for Reddit in the end but a lot still remains to be seen.
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