00:00 - 00:03Redditors are unhappy with the direction of the site.
00:04 - 00:05They've been fleeing to
00:05 - 00:07 Voat, Aether, and Snapzu.
00:08 - 00:12They say the new rules are vague and arbitrarily enforced.
00:12 - 00:15And they don't like the stagnant feature set.
00:17 - 00:19I'll talk to them.
00:19 - 00:21Just implement the new features we promised.
00:24 - 00:26Herr Spez
00:27 - 00:28You see...
00:31 - 00:33Pao fired everyone who knows how the site works.
00:34 - 00:36We can't develop our only product.
00:53 - 00:58Everyone but the "world-class executives" Pao hired, get out.
01:13 - 01:15What the hell were you thinking!?!
01:15 - 01:17All the planning in the world
01:18 - 01:23Is useless if we can't execute!
01:25 - 01:28Whose bright idea was it
01:29 - 01:31To fire the telecommuters?
01:31 - 01:34They built this site from nothing.
01:34 - 01:37They knew the community
01:37 - 01:40and shared their values
01:40 - 01:42Herr Spez, there was a glut of local labor.
01:42 - 01:46Employees are not interchangeable!
01:46 - 01:48They were experienced in link aggregators.
01:48 - 01:52That's because they came from Digg!
01:53 - 01:54Where is Digg now?
01:56 - 01:57Why did we fire the people who
01:57 - 02:00Made reddit successful and
02:00 - 02:03Hire the people who made Digg fail!?!
02:04 - 02:08Sure, most of the projects we've developed have been crap.
02:08 - 02:13We've always announced bizarre things just to ignore them for a few months and drop them.
02:14 - 02:16But at least we weren't Digg!
02:17 - 02:21At least our dithering didn't result in a constant stream of negative features!
02:27 - 02:29Then comes our second funding round.
02:30 - 02:34Suddenly we need to sand down our rough edges
02:34 - 02:36 To satisfy the media's moral panic.
02:41 - 02:42Suddenly we need to
02:43 - 02:47Become accessible to fundamentalist hipsters.
02:48 - 02:53So that we can one day "make money."
02:54 - 02:56We were great once!
02:56 - 02:59We even had our own cryptocurrency.
03:00 - 03:02Part of an ingenious master plan.
03:04 - 03:07It's okay. We all thought the cryptocurrency was stupid.
03:14 - 03:16Pao's job was simple
03:19 - 03:23Ram through some negative features, and take the heat on her way out.
03:25 - 03:26And maybe...
03:31 - 03:33Fix our mobile apps.
03:40 - 03:46But you can't talk to users exclusively when you have
03:46 - 03:49A negative feature to spin as a positive.
03:53 - 03:56Don't try to trick the internet.