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Hackers demand $4.5 million and API price reversal from Reddit | Engadget
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this post was submitted on 19 Jun 2023
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Yea that's my takeaway here. To the point given how u/spez has behaved it wouldn't surprise me if he hired these guys to 'hack' him specifically to smear protests.
Then again I'm paranoid so what do I know?
The hack happened in February, long before the protests.
If they can make up the hacking they can make up "February" as well.
The hack happened February, 15th June 2023 by pesky Reddit hackers. /u/spez probably.
Correct. They said they would hold on to the info and wait for reddit's IPO.
The info must have informed them that reddit is intentionally tanking to take down gme subreddits.
They know releasing it into their IPO will tank the company so thd threat now of all times makes sense.
The timing is pretty convenient.
they're just being opportunistic and sense that this is Reddit's weakest moment, short of an eventual (assuming that even happens now) IPO
That would require a degree of cleverness and intelligence that, as of yet, has not been demonstrated by the Reddit administration.
/u/spez isn't trying to win a popularity contest, he is trying to maximize his $$$ from the upcoming IPO. Even if it succeeded in smearing protestors, a self-hack isn't going to help him there at all. In fact quite the opposite, since it saddles Reddit investors with more potential liabilities.
I don't necessarily disagree with your logic, but if I was a CEO trying to take a company public I wouldn't loudly and publicly talk about how unprofitable the company was either (on the AMA).
Every day is a surprise.