Sucks that I don't have popcorn at hand.
[1] https://old.reddit.com/r/reddit/comments/145bram/addressing_...
Divorcing entirely from the subject of the strategy change, the decision to execute it in this manner seems incomprehensible unless they truly do want to completely drive away as many of the users who even know about this change as possible. Maybe we are so ignorant of Reddit's real user metrics that they consider almost everyone reading that AMA to be a money drain.
One could argue Huffman’s actions in this regard have been deeply unprofessional, as well as operating blatantly from a place of bad faith. Savvy negotiation is distinct from lying and pleading extortion.
I'm getting the impression that reddit isn't profitable not because of any fundamental issue, but because the leadership of the site have absolutely no idea what they're doing.