Reddit kills awards and coins

https://lemmy.world/post/1442053

Reddit kills awards and coins - Lemmy.world

I just said this yesterday or two days ago when they announced they were going to start paying people for content, but it truly is amazing how Reddit can find another significant thing that will hurt them as a business and move forward with it.

It seems like they’d run out of things that could significantly hurt their business, they just keep finding something else.

Soon they’re going to be down to basic features, And they’ll be like hey look so hyperlinks don’t work anymore. And then that’ll be the end of the press release.

Their “business decisions” are insane right now.

It’s very difficult to see this procession of self-mutilation technologically in another light other than deliberate corporate suicide. Like is someone going to benefit if Reddit goes bankrupt? Is that what’s happening?

Reddit’s incompetence is so mind-blowing it’s unreal. Even a crackhead can manage Reddit better than spez

Regulatory Capture is when corporations install favourable politicians and former employees into positions that enact policies and regulations favourable to the goals of industry (profit).

I think what we’re saying here is Corporate Capture, where malicious players have captured major corporate entities in an attempt to neuter platforms that are used by the masses in an effort to control the messages given to the population.

People start talking about revolution, and suddenly the mediums used to enable free communication are removed.

And Threads shows up right on cue with a stated deemphasis on news and politics. Meanwhile politicians are pushing to ban TikTok.

Well, TikTok has China, who would love nothing more than to destabilize the US further to increase their global power. Had it not been for COVID, they only needed to wait since tRump was doing his best to help them out. I suspect this is why it’s only TikTok they want to ban anymore; it’s the only social media platform they can’t directly control.

This has been happening to reddit over the last decade and was only accelerated when reddit was used to facilitate a short squeeze on the market and caused a bunch of “market makers” to lose a lot of money. They couldn’t control reddit back then, but they sure can once it’s public and they fulfill their fiduciary promises to reddit.

I don’t use TikTok but it seems like young people use it to get the word out whenever they are treated unfairly. Huge portions of Reddit, IG, and YouTube are TikTok reposts now.