I wonder if anyone’s image has crashed from such highs to such pathetic lows. At the end of the day, it was all PR but he still had the admiration of many people just a few years back i.e before the Thai submarine fiasco. Now most people consider him a petulant child man with a massive fortune. The only good outcome of this fall has been a clear understanding that earning wealth is purely based on luck. It doesnt matter if it is millions or billions ,nothing comes due to our own genius. It is a combination of factors that result in wealth but it is mostly determined at your birth. May be this episode will humble others who might have taken a similar path due to their inexplicable wealth.

Lets take the example of Reddit. Reddit could have kept its costs to the minimum and could have run the site with the ad revenue that came in. In fact they could have talked transparently about their opex and asked for a simple donation drive every now and then like Wikipedia. If need be, they could have removed silly GIF replies and other stuff and focused on text alone. However this would not let them become the next Facebook. That’s what they wanted to be. At some point in their story was a choice to be forums 2.0 or get into a race to become a cash grab. Sadly they went for the latter.