this post was submitted on 22 Jun 2023
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SNOOcalypse - document, discuss, and promote the downfall of Reddit.
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Chairmen are usually elected by the shareholders, with a weighted vote - if people holding more than 50% of the shares voted to replace spez, then spez would be out. In this case it means that either a lot of shareholders in Reddit agree with spez, or that the most powerful ones do it.
Ugh, I tried to look at redditinc.com to find specifics about whose on the board and the corpo-marketing drivel is so thick I had to stop.
IIRC the biggest shareholder is Conde Nast(y). They're also behind Wired and Ars(e) Technica, that have been criticising Reddit's decision, so I don't think that they're too happy with Spez.
But yeah, it's corpo-marketing all the way - from corpos, to corpos.