Reddit is ending Reddit Gold and users are furious::undefined
You must log in or register to comment.
That company is so badly run it’s laughable.
Removed by mod
Capitalism is fine as long as people aren’t complete scumbags about it. Rare, I know. It’s a human morality proposition.
Capitalism is great, but it absolutely must be tempered by regulation.
The problem comes when the capitalist gains influence over the regulator, aka, regulatory capture.
Capitalism could be amazing if the psychos of society didn’t constantly rise to the top then again the same could be said for communism and just about every other system we’ve tried.
Want to say, “Communism” is democratic control of the economy. So ideally there is no “top”.
Using some terms really loosely here to avoid a wall of political theory.
You can say the same thing about many ideologies: socialism, communism, capitalism. All are great in theory. But humans exploit any system they can. That is their nature and purpose.
i may get some flack for this but i honestly think reddit had it’s best years when alexis was most involved.
I kind of agree, but it’s also shitty he’s involved with the PGA/Saudis now
Who’s Alexis?
From 2017?
OP mentioned how badly the company was managed. So yea, 2017 saw them take a lot of money, go in a hiring spree… and do jack shit to improve the platform.
Fast forward to now and mods used 3rd party apps to do the job that they do FOR FREE, all while Reddit made… NFTs?
Remember kids, don’t let the news tell you how to feel. Watch out for words in the title like “outrage” and “furious”. Anger increases engagement and they know it.
We could use AI to remove the clickbait from headlines automatically. 🤔
That’s a fun idea 💡
All those users complaining about their coins going to waste and I’m wondering why the fuck you’d ever spend real money on that.
That’s like paying for porn.Don’t you get to keep the porn, though?
Not always. They might have a limited download, whether in amount or in time.
I was subscribed to reddit Premium for a long time (at the old, grandfathered in price), because it gave me ad free browsing, the ability to sort saved posts into categories and filtering subs from r/all before that was available to everyone.
Premium also gave you 700 coins per month, so now I have 20000 coins saved up.
Wanna trade gold?
I said this in another thread - I bet they’re going the YouTube route and are going to start allowing content creators to make money.
Might sound good on the surface but it’s absolutely going to shred what Reddit used to be. Goodbye discussion forum and hello new social media.
I can’t think of a single good reason for anyone to actually want that. Reddit isn’t a site for content creation, it’s an aggregator. It works for YouTube because, well, it’s YouTube. It’s practically synonymous with content creation. But exactly zero people are on Reddit for that.
Also its a forum and its appeal is asking questions to real people. Paying users will destroy that appeal.
The company doesn’t care. They don’t actually understand what reddit is/was and have decided they want it to be something else that they can squeeze money out of. Whatever they end up with is going to be bland and nothing like what it was before. Doubt it will get them what they want in the end.
Are they furious? Sure. But I feel like anyone still on Reddit just doesn’t care what they do, they’ll still be there scrolling.
Oh I guarantee you there are plenty of sunk cost people who won’t leave but hate everything about it.
on one hand, reddit gold is useless and a waste of money imo
other hand, they just keep going for making the most controversial decisions with zero thought lmao
reddit gold used to be how the community helped with server costs back when reddit had only a few employees
I still have my reddit account, only to malicously mod one community and update a secret community about a move to lemmy, but I only use reddit now to do a quick check in on those subs and then a glace at the front page.
Anyway, i saw the reddit post and a bunch of people were livid and said they were doing chargebacks now. I informed them that chargebacks cost reddit more money than they initally spent (spend $5 they have to return the $5 and pay a $20 fee), and if tok many users do a chargeback then credit card companies would stop paying them wink.
EDIT: in response to telling people that it would hurt reddit finacially I got a 2 gold and 2 platnium awards which i hope were paid for with chargebacked credits.
Sure but they could have left the awards in place for a while even if no more could be added. And instead of making everyone lose all the coins they already spent money on, they could have allowed those coins to be used for whatever the next thing is. Just throwing out everyone’s money is never a good practice.
Like what if Minecraft decided they were going with a new monetization strategy and said everyone’s minecoins would expire in a couple of months and any skins, texture packs, etc., you bought with them will also be gone. And no refunds of course.
I did not know minecoins were a thing
but in any case, I’m not saying that they’re making a good decision, just that I don’t see the point of reddit gold
I don’t even know what the coins are, but if they did it this way, wouldn’t that cause a lot of people to want to sell accounts that still had coins and such? Maybe they wouldn’t to avoid a secondary marketplace. Either way, they really are tightening ship for the corpos.
It might be that they’ve given up on the visuals and are now making all the changes all at once. They’re ripping off the bandaid overhauling their site and are banking that the damage will be recover in time.
With the current state of dissatisfaction from the community, now might be a good time to plow through and make all the changes that are already undesirable for the old user base.
Maybe even more of these big changes to come? More popcorn for the Fediverse I suppose.
This finally pushed me to stop supporting the platform with a premium sub and now here I am, checking out lemmy!
Just looked and I have 1100 coins. Not sure what from, I’ve never bought any. Any suggestions for them?
Never mind, I decided I only go to Reddit now for one small, private sub, so I went there and gave awards to posts I thought were good.
Not sure what from
When other people give big awards to your posts/comments, you actually get some coins as well.
Huh, interesting. There were a few times it said I was gifted premium, but I never did anything with it. Well, doesn’t matter now, I guess.
You know, the thing that strikes me as particularly odd is that apparently they’re going to retroactively delete the existing awards. I’d imagine there are some people who feel tied to their Reddit accounts because the awards and karma were important to them, so stripping anything like that away seems like it would make those people feel less attached to Reddit and more likely to move on. They really seem to be scuttling the site.
I’d imagine there are some people who feel tied to their Reddit accounts because the awards and karma were important to them, so stripping anything like that away seems like it would make those people feel less attached to Reddit and more likely to move on.
Not only that, but they’ll probably be angry on reddit as well.
He’s literally just doing whatever Musk tells him to. Get rid of all the people who cared about the site, then you can advertise your site as a walled garden for bigots and terrorists
Wait. Does Elon own Reddit as well as Twitter?
Nah, spez is just a fanboy of Musk.
Gild pro-Lemmy posts / tutorials
Gild the announcement announcing the end of reddit gold.
I have apparently 200 I never knew about.
It’s almost like spez secretly enjoys Lemmy. Doing the work for us.
Yea, my 29.1k coins aren’t happy about this change
Redditors care about their coins a lot. Not really a shock.
I mean, it’s less about the coins and more about something that has an equivalent monetary value being wiped without any compensation whatsoever.
Dude, this is just laughable. For those who are left, what are you sticking around for?
Also, here’s my theory: these idiot product managers, fresh outta b-school didn’t think to interview their most engaged users. Instead, they randomly polled people. That’s the only way I can fathom their takeaway from users was “it’s too much clutter” instead of, “this drives engagement”.
I have 3 reasons I still visit… But I am cutting back.
-
My local subreddit is still way more active than the equivalent here in the fediverse (but I do get to interact with some familiar usernames in the local Lemmy community)
-
It’s still a decent news aggregator, IMHO, ahead of Lemmy for keeping up with what’s going on in the world at a high level
-
NSFW content is still lagging behind on Lemmy, as well … I’m using a revanced app and I’m a mod of my own private sub so it still works but I fully expect this to be killed in the near future… In fact, I fully expect that by the time a reddit IPO happens they will have completely killed all the NSFW subreddits (even on the official app and desktop browser)
The site is definitely in a death spiral but, as of today, I still find it useful for certain things.
Fuck them though… They won’t get a dime in ad dollars from me and the demise can’t come soon enough at this point.
That #1 is close to my own reason - a few small communities I’m part of, with very little fediverse activity.
Always using an adblocker of course, having one is basic internet safety, and it reducing reddit’s profits is a nice bonus.
-
I am there only because I feel obliged to finish my artwork series for people- but after that, bye bye reddit.
if they continue using reddit
are they actually furious?
“Mind Your Business,” Declares Man, Seen Repeatedly Throwing Himself Down Up Escalator
I’m gonna make an outlandish prediction that Spez will no longer be CEO of Reddit Inc within the next six months. He’s made some incredibly bone-headed decisions and if the IPO does happen, Reddit are either going to be valued really low to the point where they could face a hostile takeover from a more competent tech giant, or Reddit’s existing shareholders are going to oust him in a revolt.
Either way, Spez has pissed off a lot of angel investors and has driven a good chunk of people towards Tildes and Lemmy. When this place (and other Lemmy instances) looks like an increasingly viable alternative to Reddit, it’s going to eclipse the main site once we get decent apps like Sync and Boost.
some execs get hired specifically to do all the negative stuff so they can be a lightning rod of ire
And then theres spez, who does it for no other reason than being a child molesting piss drinker
In early June, there was like 300 users on Lemmy.
I still browse it occasionally through libreddit (private front end that still works with their anonymous API for some reason) and they’re still getting thousands of upvotes and comments on /r/doordash posts. People are hopelessly addicted.
