this post was submitted on 15 Jul 2023
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Reddit enrages users again by ditching thank-you coins and awards (www.businessinsider.com)
submitted 1 year ago by [email protected] to c/[email protected]
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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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[–] [email protected] 4 points 1 year ago* (last edited 1 year ago)

Because it causes engineering overhead that perhaps no one there wants to do. And when reddit gets its IPO it will no longer give a hoot and an half about the "average redditor" because profit suddenly becomes the only thing that matters to shareholderds.

What I am saying is that the visibility that coins make is prolly not inline with the people that want to use reddit to push products, shows, and ideologies for profit.

It is just about control.