Painting Reddit as a monolith in general is a problem, too. “Reddit is toxic?” Some subs, sure. But certainly not the ones I subscribed to. Some of them might have had bad actors here and there. But they were usually dealt with by the mods.
In the end, the only toxicity that drove me away from Reddit was the toxicity from the CEO.
So someone did some math and figured out that the award system was unprofitable somehow?
Don’t know how that works out.
Or maybe they are willing to take the hit because they are embarrassed when posts and comments criticizing Reddit get a ton of awards? (Plenty of people already have a large cache of Reddit coins, so handing out an award is not necessarily paying anything to Reddit at the time of award.)
CEO Steve Huffman told me in an interview last week, “90-plus percent of Reddit users are on our platform, contributing, and are monetized either through ads or Reddit Premium. Why would we subsidize this small group? Why would we effectively pay them to use Reddit but not everybody else who also contributes to Reddit?”
It’s called a “loss leader,” Steve.
Dude’s sounding like the kind of guy that cuts IT, security, and janitorial because they don’t bring in revenue. But then, he did say he’s following the Musk model. Which is, basically, that.
Baldur’s Gate Enhanced Edition.