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☆ Billionaire Chewy cofounder Ryan Cohen takes over as GameStop CEO
▼ + stars: | 2023-09-28 | by ( Chris Johnston | ) www.businessinsider.com time to read: +2 min

Ryan Cohen was announced as the new CEO of GameStop on Thursday. AdvertisementAdvertisementGameStop has a CEO once again after Ryan Cohen, the billionaire founder of Chewy, was appointed Thursday. Cohen had been executive chairman since early June after CEO Matt Furlong was shown the door. Cohen, who's the largest investor in GameStop with a 12.1% stake, sold Chewy in 2017 for $3.3 billion. Cohen first took a stake in GameStop in 2020 and joined its board in January 2021 before becoming chairman that June.

Persons: Ryan Cohen, Chewy, —, Cohen, Matt Furlong, Furlong, Keith Gill, Kitty, Paul Dano, Gill, David Organizations: GameStop, Service, Amazon, Forbes, YouTube, Sony Pictures

☆ All smoke and no FIRE: Early retirees open up about the struggles of ditching their paychecks in exchange for freedom and the new ways they're generating extra income
▼ + stars: | 2023-09-13 | by ( Laila Maidan | Kathleen Elkins | ) www.businessinsider.com time to read: +14 min

Members pose questions from how to save and invest to how to raise a family while on the path to early retirement. Early retirement doesn't mean never working againBut the FIRE movement can be more smoke than fire. Think about what's important to you and what you want your lifestyle in early retirement to look like, Cheng said. One message he shares with his community is that early retirement may not be the ultimate finish line for everyone. He also started coaching high school tennis and grew his online blog that offers tips on early retirement.

Persons: Rachel Covert, Isaac Mizrahi, Covert, That's, subreddit, Gwendolyn Merz, Merz, She'd, Marguerita Cheng, Cheng, It's, Michael Quan, Quan, Winnie Jiang, Sam Dogen, Dogen, Sam Dogen Dogen, Shan Fu, Fu, I'm Organizations: Financial Independence, Social Security, Lean FIRE, FIRE, Fortune, Bureau of Labor Statistics, Credit Suisse, Millennials Locations: NerdWallet, New York City, Mexico, Portugal, Asia

TORONTO (AP) — Think of movies about the financial system and your mind is almost sure to go to Gordon Gekko and “Wall Street” or Leonardo DiCaprio’s gyrating Jordan Belfort in “The Wolf of Wall Street.”When Hollywood takes on Wall Street, it usually heads straight to the C-suite. In 2021, Gill’s enthusiastic endorsement of GameStop stock helped fuel a viral trading frenzy that rocked Wall Street and humbled the hedge funds that has shorted the brick-and-mortar video game company. Gillespie was able to follow the phenomenon thanks to his 24-year-old son, who had been involved with the subreddit Wall Street Bets. My son warned me: You got in too late.”Lauren Schuker Blum and Rebecca Angelo, two former Wall Street Journal reporters turned screenwriters, came on to write the script. They feel small, they feel powerless, they feel that the system is rigged,” says Angelo.

Persons: Gordon Gekko, Leonardo DiCaprio’s gyrating Jordan Belfort, Keith Gill, Paul Dano, ”, Pete Davidson, Seth Rogen, America Ferrara, Anthony Ramos, Shailene Woodley, Craig Gillespie, Tonya Harding, Tonya, Gillespie, Ben Mezrich, ” Mezrich, Mark Zuckerberg, David Fincher’s “, “, ” Lauren Schuker Blum, Rebecca Angelo, —, Blum, let’s, Ramos, Myha’la Herrold, Talia Ryder, Margot Robbie, Angelo, Megan Thee Stallion’s, ” Gill, Kitty, Gill, Jake Coyle Organizations: TORONTO, Hollywood, GameStop, Wall, Sony Pictures, Toronto, AMC Theaters, Ragtag, Amateur, Social, Wall Street Journal, Lawmakers, Twitter Locations: “ The, Brockton , Massachusetts, Belgian, Bath, Pittsburgh

☆ A Tesla bumper sticker that says 'I bought this before we knew Elon was crazy' keeps popping up on social media. It's prompting a debate about whether you can separate a product from its CEO.
▼ + stars: | 2023-09-06 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

A picture of a bumper sticker that mocks Elon Musk is again making the rounds on social media. In the picture that was posted on the "me_irl" subreddit, a Model Y is shown with a bumper sticker that says: "I bought this before we knew Elon was crazy." It's unclear where the apparent bumper sticker originated, or whether there's more than one. As for the reaction to the bumper sticker, one user said people need to stop tying Musk so closely to Tesla. "It's idiotic," the user posted on a thread with a photo of the bumper sticker.

Persons: Elon Musk, Tesla, Elon, There's, Elon Musk's, Musk, Joe Biden, Redditors, I've, Redditor, I'd, MAGA Organizations: Service, EV, Twitter, SEC, Tesla, Defamation, ADL, Starbucks, OG, Bloomberg, CNN Locations: Wall, Silicon

☆ A bumper sticker mocking Elon Musk is sparking a polarizing debate about what it means to drive a Tesla
▼ + stars: | 2023-09-06 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

A picture of a bumper sticker that mocks Elon Musk is again making the rounds on social media. A Reddit post about the sticker sparked a debate on whether Tesla can be separated from its CEO. It's unclear where the apparent bumper sticker originated, or whether there's more than one. As for the reaction to the bumper sticker, one user said people need to stop tying Musk so closely to Tesla. "It's idiotic," the user posted on a thread with a photo of the bumper sticker.

Persons: Elon Musk, Tesla, Elon, There's, Musk, Joe Biden, Redditors, I've, Redditor, I'd, MAGA Organizations: Service, EV, Twitter, Defamation, ADL, Starbucks, OG, Bloomberg, CNN Locations: Wall, Silicon

☆ Panera Bread slashes dozens of popular menu items, including kids meals, from certain stores as the chain tries to simplify operations
▼ + stars: | 2023-09-05 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

Panera Bread, which plans to go public, has axed dozens of menu items in select stores. Items on the chopping block include expensive menu items like the steak and white cheddar sandwich. Panera Bread said the move is a test to simplify operations. Panera Bread said the simplified menu is a test. The citrus Asian crunch salad with chicken, priced at $14.69, has also been removed from test stores.

Persons: Bread, Panera Bread Organizations: Service, Deloitte Locations: Wall, Silicon, Orange , California

☆ Welcome to the rabbit hole of agony aunt-killer subreddits, where users discuss money, love, and villainy
▼ + stars: | 2023-08-23 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +6 min

Today, Reddit's subreddits take center stage. But these advice subreddits might not be so different from the agony aunt advice columns of yesteryear. But beyond them is a funky constellation of subreddits where users come to pour out their innermost thoughts and burning questions. The poster wrote, "I feel like even at 28, no matter how hard I try to fit in and be nice, I somehow mess it up." AdvertisementAdvertisementTo be sure, Reddit's public advice columns are not without their detractors.

Persons: Abby, Dan Savage, Reddit's, —, Redditors, University of Tampa's David Gudelunas, Dorothy Dix, Ann Landers, Gudelunas Organizations: Morning, University of Tampa's Locations: London

☆ Robinhood defeats investors' appeal over meme stock frenzy
▼ + stars: | 2023-08-10 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

REUTERS/Andrew Kelly/File PhotoAug 10 (Reuters) - Robinhood Markets (HOOD.O) on Thursday defeated an appeal by investors over the stock trading platform's decision to restrict purchases of 13 "meme stocks" during a January 2021 frenzy that squeezed hedge funds. "When Robinhood restricted its customers' ability to buy meme stocks, it took a sizable - and perhaps justifiable - hit in the court of public opinion," Circuit Judge Britt Grant wrote. "But in this court, Robinhood is only accountable for specific legal duties." The meme stock frenzy has been fueled in part by investors using online forums such as Twitter and the subreddit WallStreet Bets. Robinhood is also being sued by investors who sold nine meme stocks at a loss in late January and early February 2021.

Persons: Andrew Kelly, Robinhood, Britt Grant, Thursday's, Judge Cecilia Altonaga, Jonathan Stempel, Matthew Lewis Organizations: Inc, REUTERS, Thursday, AMC Entertainment, GameStop, Circuit, Twitter, Menlo, Thomson Locations: New York City, U.S, Atlanta, Miami, Menlo Park , California, New York

Yeah, you’re going to need one of those fancy pizza ovens to replicate this in your home. I think right now, every media company in the world is trying to figure out what replaces Twitter. And they say, you’re going to about to make the easiest money you’ve ever made in your entire life. You’re going to have more people beating a path down your door than you thought was possible. We now have Ubers that are so — I don’t know if you’ve looked at your Uber receipts recently.

Persons: kevin roose I’m, casey newton, kevin roose, casey newton They’re, kevin roose Gang, casey newton Oh, let’s, Kevin Roose, ” casey newton, Casey Newton, —, Casey, casey newton Mhmm, it’s, kevin roose I’d, you’re, you’ve, — casey newton, Sam Altman, casey newton Isn’t, that’s, Silly Putty, I’m, casey newton Well, Kevin, what’s, kevin roose Totally, casey newton I’ll, Unobtainium, James Cameron, You’ve, Meissner, we’re, There’s, they’re, casey newton Here’s, Twitch, kevin roose There’s, Iris_IGB, she’s, there’s, casey newton There’s, Russia she’s, I’ve, They’ve, hasn’t, ChatGPT, Claude, They’re, hydroxychloroquine, Joe Rogan, Bravo, “ Fortnite, casey newton That’s, we’ve, casey newton Kevin, India Venom, Lydia Tár, we’ll, don’t, casey newton Sure, ”, Joe Biden, casey newton I’m, casey newton Mike Masnick, he’s, Mike, — casey newton Look, who’d, It’s, HatGPT, kevin roose —, casey newton We’re, Rupert Murdaugh, Beast, James Donaldson, Jimmy Donaldson, a.k.a, Beast — casey newton James, Uber, Beast Burger, Burger, We’re, Meta, Abraham Lincoln, Facebook — Abraham Lincoln, casey newton It’s, kevin roose Oh, Abraham —, roose, casey newton Greg Rutkowski, Greg Rutkowski, Greg Rutkowski’s, Greg, You’re, casey newton Wow, Elon Musk, San Francisco NIMBYs, Don’t, kevin roose It’s, you’re Uber Organizations: Mmm, casey newton Mmm, The New York Times, Quantum Energy Research Center, collider, Twitter, Capitol, Federal Trade Commission, Netflix, Heritage Foundation, Republican, Democrats, Republicans, California, Tax, Facebook, YouTube, HatGPT, BBC, WordPress, Health Department, Financial Times, Ford Theater, ” Workers, San, Wall Street Locations: Seoul, Russian, Russia, India, KOSA, SESTA, The, Kashmir, tooting, Washington, San Francisco, Ha, Canada

☆ Reddit throughout the years: Its rise to prominence, recent revolts and IPO plans
▼ + stars: | 2023-07-30 | by ( Katie Brigham | ) www.cnbc.com time to read: +6 min

The price hikes have led some beloved third-party Reddit apps such as Apollo to shut down, instigating an uproar among the website's community of volunteer moderators, who often rely on third-party apps to run the site's 100,000+ discussion communities, called subreddits. But tensions remain high, and some say that if Reddit doesn't rebuild trust, its most passionate users will go elsewhere. Ohanian rejoined Reddit as executive chairman in 2014 and Huffman rejoined as CEO the next year. But it's not just tech giants who use Reddit's API. These third-party apps are largely just alternatives to Reddit's official mobile app, which didn't even exist until 2016.

Persons: Reddit, David DeWald, Alexis Ohanian, Steve Huffman, Paul Graham, Ohanian, Huffman, Y Combinator, Condé Nast, Debra Aho Williamson, George Floyd's, it's, Apollo, Jakub Porzycki Organizations: University of Virginia, Advance, Facebook, Insider Intelligence, GameStop, AMC, Google, Getty

☆ Tupperware might just be the latest meme stock after its shares tripled in a week
▼ + stars: | 2023-07-29 | by ( Ryan Hogg | Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Tupperware might be the latest meme stock after more than tripling in value within a week. Shares in the embattled food container maker more than tripled since July 20 to just over $3, leaving many to wonder whether it might be the latest "meme stock." According to data from Marketwatch, 27% of Tupperware shares that are available to trade have been "shorted" by investors. The amount of short interest in Tupperware has indeed fallen more than a quarter this year amid apparent interest from retail investors. On r/WallStreetBets, the birthplace of the meme stock craze, members were giddily comparing the stock to Bed Bath & Beyond, the now-bankrupt homeware chain that had captivated certain investors since 2021.

Persons: Earl Tupper, didn't, Neil Saunders, Saunders, I've, Tupperware Organizations: Marketwatch, Orlando Business Journal, BlackRock, Orlando Business, Bed Locations: freefall, Tupperware

☆ An AI image generator making NSFW content is pumping out 500,000 pics a day, CEO says — but AI porn is a murky business
▼ + stars: | 2023-07-28 | by ( Will Gendron | Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Unstable Diffusion is an AI image generator with minimal content restrictions. That's what Chaudhry did when starting Unstable Diffusion in August 2022, the same month Stable Diffusion was released to the public. The community launched a Kickstarter campaign in December to raise money to build its image generator, but was removed from the platform 12 days later. At the time, experts told Insider that being featured in non-consensual deepfake porn can be traumatic and considered abuse. TechCrunch was able to use the generator to create images that produced look-alikes of Donald Trump and Chris Hemsworth, for example.

Persons: Arman Chaudhry, Chaudhry, TechCrunch, Donald Trump, Chris Hemsworth, Dan Hendrycks, Gavin Newsom Organizations: TechCrunch, Center, AI Safety, Google Locations: Atrioc, California

☆ Target workers can wear shorts now, and they're thrilled about it
▼ + stars: | 2023-07-14 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Target employees are permitted to wear shorts to work after the company updated its dress code. Workers can now wear "capris, skirts or shorts mid-thighs or longer," the policy says. Previously, only cart attendants and drive-up fulfillment workers were allowed to hike their hemlines, Target spokesperson Brian Harper-Tibaldo told Insider. Our current uniform standards ask team members to wear solid color pants, capris, skirts or shorts in good condition," Harper-Tibaldo said. "Man, wearing shorts today was amazing lol it felt so nice not having to wear pants when it was 116 and only getting hotter," another Reddit user said.

Persons: Brian Harper, Tibaldo, Harper, subreddit, Dominick Organizations: Workers, Service, Midwest, Employees Locations: Wall, Silicon

July 11 (Reuters) - A U.S. judge on Tuesday dismissed a lawsuit in which the founder of WallStreetBets, which helped ignite investors' fascination with "meme" stocks, accused Reddit of wrongly banning him from moderating the community and usurping his trademark rights. Rogozinski had applied to trademark "WallStreetBets" in March 2020, when the community reached 1 million subscribers. Meme stocks gain popularity through discussions, often among inexperienced investors, in online forums including Twitter. Prominent meme stocks have included AMC Entertainment Holdings (AMC.N), GameStop (GME.N), Koss (KOSS.O) and the now-bankrupt Bed Bath & Beyond (BBBYQ.PK). The case is Rogozinski v Reddit Inc, U.S. District Court, Northern District of California, No.

Persons: Reddit, Jaime Rogozinski, Rogozinski, Maxine Chesney, Rogozinski's, Chesney, today's, James Lawrence, subreddit, Jonathan Stempel, David Gregorio Our Organizations: WallStreetBets, Twitter, AMC Entertainment Holdings, GameStop, Reddit Inc, Court, Northern District of, Thomson Locations: U.S, San Francisco, Northern District, Northern District of California, New York

☆ How to start an OnlyFans without followers, according to creators
▼ + stars: | 2023-07-06 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +8 min

Here's how to start building, promoting, and monetizing OnlyFans content, according to creators. Creators Insider spoke with said they'd found success cross-promoting their OnlyFans content on Twitter, Reddit, and TikTok, among other platforms. Subscriptions are the most basic option for creators looking to monetize their OnlyFans content. The remaining 10% of the accounts earnings comes from tips, which are another revenue stream for OnlyFans creators. See 3 examples of 'tip menus' from OnlyFans creators who shared their strategies for using them

Persons: OnlyFans, Chloe Sasha, it's, Anne, Bryce Adams —, —, Jay, Bryce Adams, Mrs, Robinson, they'd, Reddit, Farrah, Read, Morgan Edwards, Kitty K, Edwards, That's, Alanah Cole, Cole Organizations: OnlyFans, Twitter, YouTube Locations: OnlyFans

☆ Some Redditors say they're walking away after Apollo app shuts down
▼ + stars: | 2023-07-01 | by ( Jyoti Mann | Thomas Maxwell | ) www.businessinsider.com time to read: +3 min

Some Redditors said they'll no longer use the site after third-party app Apollo shut down. A popular third-party Reddit app shut down Friday – and some of the social network's users are pledging to walk away as a result. The app, which let Redditors access the platform through its own interface, had more than 1.5 million monthly users in June, Selig said, citing data from analytics firm Mixpanel. The Canadian developer previously said Reddit's demands for compensation were unreasonable compared with how much money Apollo made from paid subscriptions. Are you a Reddit user or employee with insight to share?

Persons: they'll, Reddit, Christian Selig, he's, Selig, I'm, It's, Apollo, I've, Jyoti Mann, Thomas Maxwell Organizations: Reddit Locations: jmann

☆ Minecraft developers quit Reddit after company's controversial changes
▼ + stars: | 2023-06-29 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

In the latest blow to Reddit after its controversial billing changes, the makers of Minecraft — one of the best-selling video games of all time — have quit the platform. "Reddit management introduced changes recently that have led to rule and moderation changes across many subreddits," a tech lead at Mojang Studios, the Microsoft-owned company behind Minecraft, posted on the r/Minecraft Reddit community Tuesday. "Because of these changes, we no longer feel that Reddit is an appropriate place to post official content or refer our players to." An update to the post clarified that it is not an official policy for all of Mojang Studios, Xbox or Microsoft. The protests included the wildly popular r/Funny, with more than 40 million members, along with r/Music and r/Science, each boasting more than 30 million users.

Persons: Minecraft, —, Reddit Organizations: Mojang Studios, Microsoft, Java, Xbox, Reddit, Guinness World Records, CNBC

☆ Reddit users bombard site with John Oliver pictures in latest protest over new policy
▼ + stars: | 2023-06-23 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

CNN —After staging a widespread blackout to protest Reddit’s plans for a controversial new pricing policy, some users are now trying a different tactic: flooding the social network with John Oliver pictures. There have been numerous pictures of Oliver posing in sharply tailored suits, and screenshots of humorous moments from his show. And an AI-generated image of Oliver as a “Game of Thrones” character (“John Oliver Snow”). More than 2,500 communities on Reddit remain blacked out nearly two weeks into the protest. Over the past week, many Reddit users have expressed hopes that Oliver might air a future segment about suddenly becoming the face of the revolt, and perhaps feature their content on his show.

Persons: John Oliver, Oliver, John Olive ”, “ John Oliver Snow ”, Tim Cook, Reddit didn’t, Reddit’s, Steve Huffman, Huffman, Elon Musk, Reddit, ” Organizations: CNN, Apple, Twitter Locations: “

☆ Reddit still has to contend with a 'simmering rage' as users return back to the platform
▼ + stars: | 2023-06-23 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

A Reddit moderator told The New York Times there is still a "simmering rage" as users return. Reddit moderators shut down hundreds of forums last week to protest changes to how Reddit prices its API. The moderator called Reddit's changes "really demoralizing." Reddit is returning to a new normal this week following a sitewide blackout to protest the platform's changes to its API pricing policy. Reddit's changes to its API are set to take effect on July 1.

Persons: Bucky, Reddit, Steve Huffman Organizations: New York Times, Google Locations: Reddit

☆ 10 Things in Tech: Google tells employees not to give AI chatbots confidential information, the rise of the ‘anti-work girlboss,’ and 31 rising stars of Los Angeles investing
▼ + stars: | 2023-06-20 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Mark Zuckerberg at Facebook's first ever Meta Store Facebook/Meta1. The first "Meta Store" opened last year in Northern California and was designed to increase interest in Meta's VR headsets. Although a second store was in the works, someone familiar with the matter said that those plans faltered after slowed revenue. Google tells employees not to put confidential info into AI chatbots — including its own Bard. Reddit CEO Steve Huffman said subreddit mods have too much power.

Persons: I'm, Siu, Zers, haven't, Jordan Hart, Mark Zuckerberg, Facebook's, Martin Gilliard, hasn't, Kali Hays, chatbots, Steve Huffman, Mudassir Sheikha, Ron DeSantis, Thiep Van Nguyen, Lionel Richie, Diamond Naga Siu, Alistair Barr, Hallam Bullock Organizations: Meta, VR, Big Tech, Google, Tech, Tesla, Gov, Puget Sound Naval Shipyard, Navy, Hewlett Packard Enterprise, VMWare, Dallas Cowboys, Mitsubishi Locations: Sacramento, Northern California, Angeles, Florida, Connecticut, USS Connecticut, Dublin, Ireland, Melbourne, Australia, Las Vegas, San Diego, San Francisco, London

☆ A NSFW Reddit community is now a 'Christian Minecraft server' as moderators attack the site's 'disgusting' and 'disrespectful' monetization moves
▼ + stars: | 2023-06-18 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

A popular NSFW Reddit community has been transformed into a "Christian Minecraft server." An adult content community on Reddit says it's turned into a "Christian Minecraft server" in protest over the platform's "treacherous" pricing policy. Its moderators said it's "bidding farewell" to its NSFW content and is attempting to become an "amusing" place instead. "The important takeaway here is Reddit does not care about this community and Reddit does not care about you," they wrote. Another moderator for the community r/IndianSkincareAddicts said it's making its subreddit private "indefinitely" from June 23 and called the company's actions "disgraceful, disrespectful and downright disgusting."

Persons: subreddit, it's, subreddits, Reddit, Steve Huffman, VinlandSaga, IndianSkincareAddicts, Reddit didn't Organizations: Financial Times Locations: Reddit

☆ Reddit sent messages to its protesting mods threatening to boot them if they don't get in line and end their virtual protest, The Verge reports
▼ + stars: | 2023-06-17 | by ( Grace Eliza Goodwin | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

The Verge reported that Reddit admins reached out to protesting mods to urge them to work or be removed. Critics argue the move is punishing users for protesting changes to the platform. Reddit administrators sent messages to protesting moderators threatening to kick them out of their roles if they don't get in line and end their virtual blackout, The Verge reported. Rathschmidt told Insider that mods currently being removed from their posts were being removed for violating the code of conduct, not for protesting. As if the mod code of conduct is some kind of moral or legally binding document.

Persons: Reddit, Tim Rathschmidt, That's, Redditors, Rathschmidt, Reddit's, Casey Newton, Newton

☆ One of Reddit's largest communities is protesting changes to the platform by posting only photos of John Oliver 'looking sexy'
▼ + stars: | 2023-06-17 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

r/Pics now only allows photos of British comedian John Oliver "looking sexy." Users of one of Reddit's largest communities are protesting statements from the social media site's CEO and changes to its API by only allowing posts of photos of "Last Week Tonight" host John Oliver "looking sexy." A moderator for r/Pics on Friday posted a message telling the site's users that they would vote between letting the subreddit continue operating normally or only allowing images of "John Oliver looking sexy." Users voted 37,331 to 2,329 in favor of sexy John Oliver. Representatives for John Oliver did not immediately return Insider's request for comment on Saturday.

Persons: Steve Huffman, John Oliver, Huffman, didn't, subreddits, they've Organizations: NBC Locations: British, Reddit

Budrul Chukrut | Lightrocket | Getty ImagesAt midnight on Tuesday, the moderators of the Reddit community r/Gaming decided to go dark. "We're talking hundreds of thousands of volunteers putting in hours a day to keep the site safe, entertaining and enjoyable for community members. As a private company, Reddit doesn't have to disclose its financials or provide revenue and profit projections. "You have a lot of people, both professionals and general community members, who are running the numbers on this," Croach said. Jacqueline Sheeran, known as "MCHammerCurls," is the head moderator of r/Fitness, which has more than 10 million members.

Persons: Budrul, Dacvak, Slack, weren't, Croach, Reddit, Christian Selig, Selig, Steve Huffman, Huffman, Horacio Villalobos, subreddits, they're, –, David DeWald, subreddit, Shane McCarthy, McCarthy, Meepster23, ModCoord, Omar, Jacqueline Sheeran, Sarah Gilbert, Gilbert, Huffman's, RamsesThePigeon, that's, there's Organizations: Lightrocket, Reddit, CNBC, Facebook, Twitter, YouTube, Google, Amazon, Yahoo, Microsoft, Corbis, NBC, Wall, NBC News, Cornell University, school's Citizens, Technology Locations: U.S, Lisbon, Portugal

☆ Reddit’s fight with its most powerful users enters new phase as blackout continues
▼ + stars: | 2023-06-16 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

CNN —After nearly a week of mass protests on Reddit directed at its management, the company’s strategy appears to be simple: power through. That approach was reflected Thursday in a series of media interviews conducted by Reddit CEO and co-founder Steve Huffman. In response, some moderators have vowed to put pressure on Reddit’s advertisers and investors. Some 100,000 forums remain open, the company said in a blog post, including 80% of its 5,000 most actively engaged subreddits. In addition, one company administrator said Thursday, Reddit may soon view communities that remain private as an indicator that the moderators of those communities no longer wish to moderate.

Persons: Reddit, Steve Huffman, Huffman, ”, ” Huffman, they’re, Greg Doherty, Omar, ” Omar, “, “ Reddit, They’ve Organizations: CNN, Reddit, Variety, Wynn Las, NPR, NBC News Locations: Wynn Las Vegas, Las Vegas , Nevada

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