> Shu also tells me that RIF was paying a “sizable revenue share” to Reddit beginning in 2012, which was during Yishan Wong’s tenure as CEO. Shu says he says initiated the talks with Reddit to create the agreement, which allowed for the licensed use of Reddit’s trademarks. (At the time, the app was called “reddit is fun.”) Shu says Reddit terminated the agreement in 2016 — which was the year after Huffman took over a…
Yeah that part is really wild - there were making money already off a 3rd party app, then decided to NOT take their money in 2016, then not enforce any trademarks (assuming that was what the deal was for) for what, 7 years?! How is that not gross incompetence? Minority shareholder lawsuit territory? It's really clear that spez wants terminate any 3rd party clients whatsoever, I assume at this point any talk of app de…
Moreover, what will be the short interest should this company go public?
I become more confident with every week that the CEO is holding back the company. And so is the board by allowing executive decisions and objectively false statements based on ego.