Tech companies aren’t just businesses, they’re investments.

One of the weirder phenomena of the low interest rate era in tech was a tendency to see companies primarily as investments. The goal was not to have a functional business, but an exit, often via IPO or acquisition. I have begun to wonder if that explains what Reddit CEO Steve Huffman has been up to lately.

Umm…yeah.

  • mysoulishome@lemmy.world
    1·
    1 year ago

    Betting as a child his mommy told him every day “you’re so handsome and smart”! and when people picked on him he told them so.