I just said this yesterday or two days ago when they announced they were going to start paying people for content, but it truly is amazing how Reddit can find another significant thing that will hurt them as a business and move forward with it.
It seems like they’d run out of things that could significantly hurt their business, they just keep finding something else.
Soon they’re going to be down to basic features, And they’ll be like hey look so hyperlinks don’t work anymore. And then that’ll be the end of the press release.
Their “business decisions” are insane right now.
It’s very difficult to see this procession of self-mutilation technologically in another light other than deliberate corporate suicide. Like is someone going to benefit if Reddit goes bankrupt? Is that what’s happening?
Reddit is overall quite left leaning, with a lot of its communities being some of the biggest hubs for lefties on the internet (antiwork comes to mind, all the LGBT subs, majority of the big politics subs also heavily lean left).
I don’t think it’s that crazy a “conspiracy theory” to say that this could be intentional sabotage. IMO it’s what’s happening with Twitter also, I think the alt right is paying big to take down left leaning social media so they can control the flow on information. I know Musk and Spez are profoundly stupid but I don’t think they’re stupid enough to genuinely believe in their recent business decisions. I think these decisions make a lot more sense when viewed through that lens.
They got officially fact checked a few times and that put the fear of god in them, since their whole schtick relies on ignorance.
You can’t convince me spez if alt-right. He is what led to reddit becoming so left leaning.
I don’t want to give Reddit any traffic so I’m reposting the content here:
Hi all,
I’m u/venkman01 from the Reddit product team, and I’m here to give everyone an early look at the future of how redditors award (and reward) each other.
TL;DR: We are reworking how great content and contributions are rewarded on Reddit. As part of this, we made a decision to sunset coins (including Community coins for moderators) and awards (including Medals, Premium Awards, and Community Awards), which also impacts some existing Reddit Premium perks. Starting today, you will no longer be able to purchase new coins, but all awards and existing coins will continue to be available until September 12, 2023.
Many eons ago, Reddit introduced something called Reddit Gold. Gold then evolved, and we introduced new awards including Reddit Silver, Platinum, Ternium, and Argentium. And the evolution continued from there. While we saw many of the awards used as a fun way to recognize contributions from your fellow redditors, looking back at those eons, we also saw consistent feedback on awards as a whole. First, many don’t appreciate the clutter from awards (50+ awards right now, but who’s counting?) and all the steps that go into actually awarding content. Second, redditors want awarded content to be more valuable to the recipient.
It’s become clear that awards and coins as they exist today need to be re-thought, and the existing system sunsetted. Rewarding content and contribution (as well as something golden) will still be a core part of Reddit. We’ll share more in the coming months as to what this new future looks like.
On a personal note: in my several years at Reddit, I’ve been focused on how to help redditors be able to express themselves in fun ways and feel joy when their content is celebrated. I led the product launch on awards – if you happen to recognize the username – so this is a particularly tough moment for me as we wind these products down. At the same time, I’m excited for us to evolve our thinking on rewarding contributions to make it more valuable to the community.
Why are we making these changes?
We mentioned early this year that we want to both make Reddit simpler and a place where the community empowers the community more directly.
With simplification in mind, we’re moving away from the 50+ awards available today. Though the breadth of awards have had mixed reception, we’ve also seen them - be it a local subreddit meme or the “Press F” award - be embraced. And we know that many redditors want to be able to recognize high quality content.
Which is why rewarding good content will still be part of Reddit. Though we’d love to reveal more to you all now, we’re in the process of early testing and feedback, so aren’t ready to share official details just yet. Stay tuned for future posts on this!
What’s changing exactly?
Awards - Awards (including Medals, Premium Awards, and Community Awards) will no longer be available after September 12.
Reddit Coins - Coins will be deprecated, since Awards will be going away. Starting today, you’ll no longer be able to purchase coins, but you can use your remaining coins to gift awards by September 12.
Reddit Premium - Reddit Premium is not going away. However, after September 12, we will discontinue the monthly coin drip and Premium Awards. Other current Premium perks will still exist, including the ad-free experience.
Note: As indicated in our User Agreement past purchases are non-refundable. If you’re a Premium user and would like to cancel your subscription before these changes go into effect, you can find instructions here.
What comes next?
In the coming months, we’ll be sharing more about a new direction for awarding that allows redditors to empower one another and create more meaningful ways to reward high-quality contributions on Reddit.
I’ll be around for a while to answer any questions you may have and hear any feedback!
thanks for posting here. I have no idea who the venkman01 is but the way they worded that post is borderline cringe
Yeah, “sunsetting” is such trash corporate speak.
Also he is using it wrong because “sunsetting” means a slow winding down. You know, because the sun doesn’t instantly turn off.
But they basically literally just suddenly turned off gold today, without any pre warning.
They have basically sent a message to everyone telling them they’ve already done it.
Pour one out for the OG.
I like how you didn’t even bother to crop out the dot 😂
The less you try, the more authentic it is
I bet they just don’t like seeing all the awards go to fuck u/Spez posts.
I think that’s actually closer to the mark than many realize. Awards are great when they are not directed at the company or it’s rep in a negative manner as they show positive engagement and help the company with sales marketing. When awards and upvote/downvote counters are used to highlight that the users are having a negative experience then it hurts the platform image. Similarly to how YouTube removed the downvote tracker because their marketing team realized it hurt their sales revenue with business partners.
It’s good that Reddit did this today because the memes on the fediverse have been extremely good lately. Reddit Remainers checking it out will find a fun, active community
Here, please enjoy this lemmy lemon award 🍋
If I was more paranoid, I’d say that the fucking stupid bean meme bs that happened right when the Reddit api shut down was awfully convenient for Reddit.
I thought it was hilarious and made the community feel fun and alive, which Reddit hasn’t felt like for a long time.
I upvoted everyone I saw with PRIDE! It was dumb and hilarious. The things that modern internet silliness were founded on.
Yeah, Reddit just doesn’t feel good anymore for me. Lemmy does.
First, many don’t appreciate the clutter from awards
“Hide Awards” in settings?
It’s almost like they’re allergic to working on their app.
I’ve never seen this be an issue for anyone.
I hated the clutter and many people mentioned it when they talked about 3rd party apps being killed.
I’ve now seen one person complain about it.
I only used 3rd party apps to navigate, so it was never an issue.
Sounds like R×ddit’s solution for a barking dog is to run it over with a steamroller.
I see the “follow twitter” business model is proceeding.
“We’re having cash flow issues? What should we do?” “I know! Lets cancel the one thing that we’re doing that people are just giving us money for!” “Brilliant!”
Lol. This venkman guy claims credit for creating the awards when it was reddit users who started the semi-ironic (and free) Reddit Gold shit.
but taking credit for others’ work is how executives get ahead in the modern corporate hellscape! how else are they supposed to get promoted? working?!
And then stole silver, too, replacing gold with it and making gold more expensive.
I feel like I’m standing on the shores of sanity while I watch Reddit sail off into the sunset.
Except the whole ship is on fire and everyone is fighting each other.
wish me luck :) I’ll keep you updated.
Any update on this?
Take a guess… But I haven’t been on reddit for a long time.
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.
What’s reddit?
I really wonder what @ChristianSelig thinks of this
@1chemistdown lol
You dare link me to that vile place?!
Tis a silly place.
They engage in tomfoolery.
