The Impossible Reddit – The Awl

The Impossible Reddit – The Awl

1。

Business?

Insider:

TheFappeningservedasadumpinggroundforthenudecelebrityphotosthatwereleakedlastweekend。

Inastrangemove,RedditorswithinTheFappeningstarteddonatingtotheProstateCancerFoundation“inhonorof”JenniferLawrence,oneofthecelebritieswhowasaffectedbythemassive?

hack。

2。

YishanWong,CEOofReddit,inaposttitled“EveryManIsResponsibleForHisOwn?

Soul”:

Weunderstandtheharmthatmisusingoursitedoestothevictimsofthistheft,andwedeeplysympathize。

Havingsaidthat,weareunlikelytomakechangestoourexistingsitecontentpoliciesinresponsetothisspecific?

event。

Thereasonisbecauseweconsiderourselvesnotjustacompanyrunningawebsitewhereonecanpostlinksanddiscussthem,butthegovernmentofanewtypeofcommunity。

Theroleandresponsibilityofagovernmentdiffersfromthatofaprivatecorporation,inthatitexercisesrestraintintheusageofits?

powers。

3。

Recode,oneday?

later:

Reddit,thesocialnewssitewithabigWebfootprint,israisingabigfundinground?

—?

withhelpfromsomeofthepeoplewhohelpedlaunchthesitenineyearsago,includingco-founderAlexisOhanianandotherpeopleassociatedcloselywithstartupincubatorYCombinator。

Sourcessaidthealmost-anything-goessitehasreachedapreliminaryagreementtoselllessthan10percentofthecompanyformorethan$50million。

Thatcouldgivethecompanyavaluationofupwardsof$500?

million。

Theseinvestorslikelyincludesomeofthebiggestnamesinventurecapital,someofwhomarealsoinvestedintheimagesiteImgur,theprimaryhostonwhichReddituserspostedandrepostedthecelebrityleaks。

WithoutRedditandImgur,findingtheseimageswouldhavebeenmuchharder。

WithRedditandImgur,thephotoswerecatalogedandpromotedandmadeextremelyeasytoview,browseandcomment?

upon。

Redditcharacterizesitselfasasortofinternetgovernment;Reddit’slargestshareholderisAdvancePublications,whichownsCondéNast,butitisraisingmoneyfromventurecapitalistswhohopetomakealargeprofitfromtheirinvestment。

Reddithit“newtrafficmilestones,oneswhich[theywould]beashamedtosharepublicly,”duringthecelebrityleaks;duetoitssize,Redditisnowapparentlyvaluedathalfabilliondollars。

Reddit’smanagementcan’tseemtoshutup;Reddit’sreportedinvestorsarepathologicallyunabletoshutup。

Thisiscompletelyandobviouslyuntenable:Youcan’thavebothyourvintageinternetself-servingabsolutismandyourmillionsuponmillionsofnewinternetdollars。

Eitherthemoneywins,oratoxicandconvenientmisappropriationoftheconceptoffreespeechwins。

Everybodyelseonthegreaterinternet,asusual?

loses。

Update:Reddit’sCEOapparentlyfollowedupwith…I’mnotevensurewhattocall?

this?

Indeed,mypost’stitlecontainedananachronisticusageofagenderednounwheremodernusagewouldalmostcertainlyhavepreferred“Person”or“Individual。

”WhyintheworldwouldIdo?

that?

…Thatiswhattheinclusionof“man”inthetitlemeans。

I’maman,andtheblogpostwaswritten,inevitably,forthemenwhoread?

it。

Isthistheworstunforcedpublicstatementinrecentinternethistory?

Anyway,thankstoreaderPeterforthat?

one。

Image:Thefastest-growingNSFWsubredditsofthelast24?

hours。

Correction:AdvanceMediaisthelargestshareholderinReddit,whichwasspunoutfromthecompany。


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