Reddit is not, and will never be a legitimate business. It's too much of a shithole for that.

I am now under the operating mindset that no Web 2.0 company that depends on unpaid moderators can ever be a business. facebook works by flat out collecting every scrap of data about you it can and selling it to every advertiser and swindler with a checkbook. Then it locks in the user eyeballs and feeds them the content that will keep them fat happy and too lazy to go elsewhere.

Isn't the core problem with Reddit that the company "Reddit" is completely divorced from the thing that is Reddit?

fucking nailed it, man. Thanks. That is what I was trying to put into type when I shared this last night. Ohanian does not want to run reddit anymore but, IMO he is stuck there. When he left a while back nobody cared that he existed; nobody will really pay to hear 'that guy who is no longer in charge of reddit' on the speaking tour.

I made my account right about when comments on articles were enabled, but I had been lurking for a while as a lot of the Fark headlines came from Reddit. The SOPA fight was the best thing to come out of the whole experience, but the community there is no longer worth weeding through to get to the interesting bits.