One of the weirder phenomena of the low interest rate era in tech was a tendency to see companies primarily as investments. The goal was not to have a functional business, but an exit, often via IPO or acquisition. I have begun to wonder if that explains what Reddit CEO Steve Huffman has been up to lately.

Umm…yeah.

  • abff08f4813c
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    fedilink
    141 year ago

    Like how the article points out that “landed gentry” revolts against royalty tend to be more successful.