this post was submitted on 14 Jul 2023
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Technology

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Reddit is getting rid of its Gold awards system (www.theverge.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Reddit is going to sunset its current coins and awards systems, meaning you won’t be able to buy Reddit Gold for posts you like. However, it is working on a new system for awards.

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[–] ThisIsMyLemmyLogin@lemmy.world 20 points 1 year ago (1 children)

I'm starting to think Spez is depressed. He probably had visions of being a Billionaire tech bro by now like Zuckerberg and Musk. His only thought these days seems to be how to monetize Reddit, regardless of how he destroys it.

[–] barrio_libre@lemmy.world 15 points 1 year ago (1 children)

If he’d had any insight, he’d have realized Reddit’s structure wasn’t a good vehicle for monetization and gone the way of Wikipedia/Jimmy Wales. He’d be popular and respected now and probably able to extract a decent living from it.

But his insistence that a square peg be pounded into a round hole will end up with him being neither popular nor respected—and he’ll never sniff that moonshot IPO.