this post was submitted on 13 Jul 2023
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Reddit Migration

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Reddit kills awards and coins (old.reddit.com)
submitted 1 year ago by gsa32@lemmy.world to c/RedditMigration@kbin.social
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[–] s_s@lemmy.one 2 points 1 year ago* (last edited 1 year ago)

Makes sense to me.

Reddit's new userbase (Bots) don't buy gold.

You don't want to IPO and have to document that one of your 3 revenue streams is decreasing month-to-month.

The strategy is to keep pumping the fake traffic and keep selling the bogus impressions to ad buyers.