What I never understand about these kinds of things is that it is bad enough to plan to do that, but why go around telling people what you plan to do?

Human nature to talk about things that play on your mind? Could also be to show off how clever you are. But yes it’s slightly insane!

This seems like it would be very valuable information to the investors.

It sounds like it might be illegal, maybe it could be reported to the FTC.

Definitely illegal. This is fraud.

Maybe I'm missing something, but it seems a lot more SEC than FTC.

it's probably the state AG's office

And you're still protecting them even after they admitted to fraud!

This is in response to someone saying we need to look out for each other. Our fellow devs and employees.

Y'all need to stop being so nice. Your founder isn't. You need to stop trying to play fair, your founder isn't. You need to put the people you work with on a higher level than your founder and get over this appeal to authority.

Generally if you’re doing that, you want to make the first move, and you probably don’t want the first move to be exposing yourself to a libel suit.

Who would people believe? The CEO or a disgruntled former employee?

We’re talking about Reddit right?

Hmm, seems strange.. seems easier to start another one. I mean we have a wide range of forum sites.

Reddit has an established dominant position on google search, in culture, etc, would be very hard to start from scratch.

Reddit replaced Digg, so it’s not impossible for something to replace Reddit.

It's certainly possible, HN here is a niche reddit clone that doesn't have a subreddit equivalent I've found. Slashdot would be the closest to HN ...

Reddit was quite popular before Digg failed. It didn't spring up over night. But yeah, something might replace Reddit one day. Getting there will be extraordinarily hard.

I remember reddit as this weird place when Digg waa big. No subreddits just one listing. Didn't really switch over until the digg death.

Cutting off your nose to spite your face. Destroy the company and then it's worth nothing for anyone. How does that make sense? Founder was better off just quitting and starting a new company from scratch.