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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 36 points 1 year ago

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

[-] Chriszz@lemmy.world 39 points 1 year ago

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

[-] 37219@lemm.ee 1 points 1 year ago

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

[-] TWeaK@lemm.ee 6 points 1 year ago

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

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)

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

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

Twitter could hardly pay the interest on that $13 mil, 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.

this post was submitted on 15 Jul 2023

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