For too long most of us were unaware of the issues present with Steemit.inc operations. Not many people have access to Neds Telegram chat room or his email address, phone number... Up until now, it was all guesswork as to what was happening. But now the issues are clearer.

The main failure i see here is actually something Ned did say on the livestream. But he said it in such a way that he used that failure as almost a positive attribute of himself and his team..

They spread themselves thin in every regard, like butter over a football field sized slice of bread.
Thats what i mean when i say mismanagement. Ned can say that they are hardworking and "do a lot of stuff" but its on the CEO to allocate resources in a effective and sustainable way. That clearly hasnt been done.
You just cant spread your resources on so many different things in a volatile market like this. Its an enormous burden and something will give eventually.