Reddit kills awards and coins

https://lemmy.world/post/1442053

Reddit kills awards and coins - Lemmy.world

Reddit gold gives premium = no ads = no revenue. What theyve already failed to understand is no users = no revenue
Reddit gold gets rid of ads (for a month), but also costs money to offset the lack of ads…
And wasn’t their revenue/user something like $1.50 per month while gold is $5 iirc… seems like they’d be making an extra $3.50 if a person was gifted gold
Plus they’d still sell your data even if you were paying for it so it’s probably a chunk of the $1.50 and not the full amount.

The revenue calculations likely take gold into account.

At least the real rev/user would.

$1.50 per year iirc. They posted a whole load of monthly stats with the annual user income mixed in amongst them so that it didn’t seem so bad.