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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

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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.

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[–] phx@lemmy.ca 30 points 1 year ago (3 children)

Feels like Elon bought Reddit and we just haven't heard about it yet

[–] Chriszz@lemmy.world 32 points 1 year ago (1 children)

I think little piggy spez is an Elon fanboy so it makes sense

[–] 37219@lemm.ee 3 points 1 year ago (1 children)

https://i.imgur.com/sGCReCn.png

Can someone please put Elon's face (person on the right side)

[–] Ugh@sh.itjust.works 5 points 1 year ago

My eyes and I are very upset with you for causing me to see such horror

[–] InternetTubes@lemmy.world 7 points 1 year ago (1 children)

Sort of feels like spez made a bad decision, went all out on it, and in order to drown out the consequences he decided to snort some crack before deciding what to do.

[–] chrishazfun@mstdn.social 5 points 1 year ago

@InternetTubes @phx He did the Jerma joke "Do so much dumb shit that people have problems trying to figure out why people are mad at you" but unironically and irl

[–] 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.