Reddit

Tis a silly place.

It looks like the brain drain from Reddit is now in full swing!

Why is everyone so negative? Good on them for killing some stupid feature that nobody really liked. Yes, they'll bring another even worse feature but luckily no one here is impacted by that.

Man. What the actual hell is Reddit doing? They’ve been making the most suicidal business decisions this year. Blocking third party apps, they piss off a huge active portion of their user base but sure, you could say they weren’t paying anyway. But now they’re screwing over their PAYING users? I don’t even know what they expect at this point.

the site used to be so good but now its just going downhill, welp it was fun while it lasted

Why are all these high profile sites making all the stupidest decisions to ruin their sites? It doesn't even make sense from a monetary perspective.

Reddit gold gives premium = no ads = no revenue. What theyve already failed to understand is no users = no revenue

Its such a shame that a once great platform is heading downhill. I'm still an occasional user of the site I'll admit, but i guess Lemmy is my goto these days.

Its a good decision but man, the execution is horrible.

I paid for Reddit gold back in the day, I really enjoyed the ability to selectively gift gold to comments.

When they replaced gold with coins I ended up unsubscribing. The coins felt like they devalued what gold actually was.

I think it's fair that they want to revisit the feature, but shutting off a revenue stream a month after they made such a big deal about charging for API access, it feels to me like they are lacking common direction and priorities within the company...

Yes, please. The more changes Reddit makes that people dislike the more likely people will be to move to Lemmy.

Just resign spez

Well, I never paid for Reddit, but this must suck for people that did it.

A little crazy theory:

Maybe they hope that by disabling awards in September there suddenly will be a lot less premium users. Gold and platinum gave a week and a month after all. So there will be a sudden spike in ad revenue just before the planed IPO.

DISTRACTION TIME DISTRACTION TIME DISTRACTION TIME DISTRACTION TIME

I remember back in like, 2013 when getting gold was actually really cool, or maybe it was just me so easily made happy at that point.

I've never followed the updated bullshit with the awards that came out thereafter. It was right around the time reddit really turned to shit.

Anyways, I guess it was inevitable.

It’s become clear that awards and coins as they exist today need to be re-thought, and the existing system sunsetted.

Has it? 🤔

I'm not opposed to this, though I generally think that the move towards awards overcomplicated the site. It was better when it was just Gold and there was a simple tracker to say how many days of server time had been paid for.

This is brilliant. Instead of advertisers making sponsored posts that are ignored or trying to sneak an ad into a community, they can outright buy engagement. Utilize subliminal advertising, then advertisers buy their own "tips" (or whatever they end up being called) and they get back a portion of the money spent. There's been an uptick in those types of posts lately and reddit's just leaning into market trends. Not to mention that bots can earn real money by reposting top/all time content!

As part of this, we made a decision to sunset coins (...) and awards (...)

(...) all awards and existing coins will continue to be available until September 12, 2023.

"sunset".

two months time.