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.

I can’t pretend to know what King Steven is thinking, but his proclamations have certainly driven me to the exit. Two months ago at this time I had no clue King Steven would banish me for preferring BaconReader over the app with his Royal Warrant.