Ned,
Thanks for the message and transparency. I'm sure this wasn't an easy decision.
I don't want to be overly negative, and I understand there are probably a lot of elements at play, but it's concerning that less than a week ago, this was your message on Facebook:
I'm not sure how a Nov. 21 post with Steem value at $0.41 USD communicates a Steemit Inc. team that is "growing fast," and then, less than a week later (with a $0.32 USD Steem value) more than 70% of the team is laid off.
Probably automatic ads and the hope that the bear market would reverse faster or bottom higher.
It was posted organically on Ned's page; it wasn't an automatic ad. And as for the hope... I think we're all hoping for the best, but surely Ned had a grasp on the reality of the situation. Seeing the steady decline of the crypto market, it's strange to say "growing fast" when a 25% downturn in the market results in laying off 70%+ of your team.
You're right. Good eye!
The current lay off was probably done in preparation of an maybe even deeper drop. Making the team as lean as possible. But I'm not sure about that of course.
These actions were automated and not posted by bots. This was an error and has been removed.
"hoping" is never a good business strategy
Obviously, but life is sometimes like poker, where you have to run a fine-line and play on risk. But I don't think right now is the time to analyze everything into detail, instead, we should focus on giving as much as we can (and want) to bring Steem forward.
That was an error, the post has been removed.
Thanks for the clarification. My response above to @therealwolf was posted after I read this.
There’s an idea. Premium (ad-free with beneficiary) or Free (company driven ad algorithm).