Technology

59106 readers

4410 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

1130

Reddit enrages users again by ditching thank-you coins and awards (www.businessinsider.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

201 comments fedilink hide all child comments

Reddit enrages users again by ditching thank-you coins and awards::Reddit, which is still dealing with the fallout from its last controversial decision, said it plans to phase out coins and awards.

you are viewing a single comment's thread
view the rest of the comments

[–] TWeaK@lemm.ee 5 points 1 year ago (1 children)

I prefer to think that it's all coordinated by real life Bond villain (and Musk's old business partner) Peter Thiel. He failed at setting up competing Twitter platforms, so he got Musk to buy and tank it. After seeing how effective that was they roped in reddit's owners to undermine that as well.

[–] axtualdave@lemmy.world 6 points 1 year ago (1 children)

Let's not forget the Saudi royal family. They really hate social media.

[–] TWeaK@lemm.ee 5 points 1 year ago* (last edited 1 year ago) (1 children)

Definitely not. Here's the breakdown of the $44 bn purchase:

$5 bn from other investors, including a Saudi prince
$26 bn from Elon, underwritten by stocks in Tesla (which significantly dropped in value after the purchase)
$13 bn in a loan that Twitter took out to buy itself on Musk's behalf.

Twitter could hardly pay the interest on that $13 bn, even before Musk tanked the company's revenue. Either Twitter steps into line and gets more investment from right wing control freaks, or it dies - both could be seen as a win in the eyes of Peter Thiel or the Saudis.

[–] vimdiesel@lemmy.world 2 points 1 year ago (1 children)

don't you mean billion?

[–] TWeaK@lemm.ee 1 points 1 year ago

I did, thought I'd edited out all the "mil"s hah. Thanks, fixed now.